TechFlow News, May 20: Tether announced it has acquired SoftBank’s stake in Twenty One Capital (XXI), further increasing its controlling interest in the company. Following the completion of the transaction, SoftBank’s appointed board members at XXI have resigned from the board in accordance with the shareholders’ agreement. Tether stated that this move reflects its continued confidence in XXI’s long-term Bitcoin strategy and underscores XXI as one of the key opportunities to “build a publicly listed company from scratch centered around Bitcoin.”
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