Tether Buys SoftBank Stake in Twenty One Capital; Shares Rise

Tether acquired SoftBank's stake in private investment firm Twenty One Capital, and Twenty One Capital's shares climbed about 5% in trading after the transaction became public.

Financial terms of the deal were not disclosed. Neither Tether nor Twenty One Capital issued an immediate comment, and no regulatory filings accompanying the transaction provided pricing or structure details.

Trading records show the share price rose roughly 5% from the prior close. Twenty One Capital did not provide an explanation for the price movement.

Representatives for SoftBank did not provide a statement at the time of reporting. Tether has not outlined any strategic plans for the stake or said whether the purchase includes operational or governance agreements with Twenty One Capital.

Tether is the issuer of USDT, a widely used dollar-pegged stablecoin. SoftBank Group is a Tokyo-based conglomerate and global investor. Twenty One Capital operates as a private investment firm that deploys capital across private markets.

There were no public filings that detailed how much of SoftBank's holding was sold or how the transaction was financed. Further disclosures from Tether, SoftBank or Twenty One Capital could clarify the size of the stake and any changes to governance or financing arrangements.