SoftBank Sells Stake Amid Bitcoin Firm’s 84% Stock Plunge

3 Min Read Tags:

  • SoftBank has exited its stake in Twenty One Capital, a Bitcoin company associated with Tether.
  • Tether emphasizes increased confidence in the future of the project despite market fluctuations.
  • The stock of Jack Mallers’ Bitcoin company has plummeted roughly 84% from peak values.

SoftBank Exits Twenty One Capital Amidst 84% Drop in Bitcoin Company Stocks

In a significant development within the cryptocurrency space, SoftBank Group has sold its stake in Twenty One Capital, a Bitcoin-associated company led by Jack Mallers and linked with Tether. This strategic move was announced by Tether, the issuer of the USDT stablecoin. While financial specifics of this transaction remain undisclosed, Tether has stated that this sale signifies further evolution for Twenty One Capital.

Background and Market Dynamics

Twenty One Capital was initially established as a structure for managing Bitcoin reserves. The project’s foundation was built on assets provided by Tether in exchange for a controlling stake. Later on, SoftBank acquired shares from Tether, and subsequently, Twenty One Capital went public through a reverse merger with a SPAC firm associated with Cantor Fitzgerald. The merged entity began trading on December 9, 2025.
Since listing, the company’s stock has decreased approximately 23%, dropping from $10.74 to around $7.85. However, more severe declines occurred following excitement over an announcement about a new merger with fintech company Strike and mining operator Elektron Energy. During this period of heightened anticipation, shares temporarily surged above $50 but have since lost about 84% of their value.

Investor Sentiment and Market Pressures

Previously positioned as a potential competitor to Michael Saylor’s Strategy strategy, interest in Twenty One Capital waned significantly after its market debut. Investor enthusiasm diminished amid cooling sentiment towards crypto companies linked to corporate Bitcoin reserves.
Despite these challenges and SoftBank’s exit from the project, Paolo Ardoino, head of Tether, expressed reinforced confidence in Twenty One Capital’s future prospects. He highlighted plans to continue developing the project while expanding its infrastructure around Bitcoin.

Conclusion: Strengthening Future Prospects

In summary, while the volatile nature of cryptocurrency markets presents challenges for companies like Twenty One Capital, strategic moves such as SoftBank’s exit could pave the way for renewed focus and growth opportunities under new leadership dynamics. As Tether remains committed to advancing this venture amidst changing market conditions, investors keenly watch how these developments unfold within broader crypto ecosystems.
This evolution underscores ongoing shifts within financial landscapes where digital currencies increasingly integrate into mainstream financial strategies—suggesting transformative potential ahead for stakeholders involved across diverse sectors globally.
With these insights at hand regarding recent activities surrounding Twenty One Capital alongside broader industry trends shaping today’s rapidly evolving digital economy landscape—stakeholders are best positioned now more than ever before not only anticipate but actively participate shaping future trajectories emerging technology-driven paradigms presently underway worldwide!

TAGGED:
Canary Capital Launches First US Spot TRX ETF With Staking

Canary Capital launched the Canary Staked TRX ETF on Cboe BZX under ticker TRXS on Sept. 9, 2026, offering direct TRX exposure and staking rewards.

5 Min Read
Anthropic Models 3 US Economic Scenarios Through 2030

Anthropic published a model outlining three scenarios for the U.S. economy through 2030, with its extreme scenario suggesting annual GDP growth could reach 15% alongside historically high unemployment.

7 Min Read
Robinhood CEO Says Companies Cannot Control Tokenization of Their Shares

In September 2026, Robinhood CEO Vlad Tenev said companies cannot prevent third-party products linked to their shares, defending 1:1 share-backed Stock Tokens after AMC CEO Adam Aron challenged their legality.

5 Min Read
Germany Will Change Crypto-Asset Tax Rules in 2027, Media Reports

Germany’s draft crypto tax reforms would from Jan. 1, 2027, tax profits on covered assets acquired after Dec. 31, 2026, regardless of holding period, while platforms would begin withholding tax…

5 Min Read
Vitalik Buterin Says Recursive STARKs Could Cut Ethereum Private, Post-Quantum Transaction Costs

On Sept. 9, Ethereum co-founder Vitalik Buterin explained EIP-8288, a proposal to aggregate STARK proofs and cryptographic signatures at the mempool level, potentially reducing costs without changing the EVM.

6 Min Read