Tether Acquires SoftBank’s 26% Stake in Twenty One Capital, Tightening Bitcoin Grip

Tether acquired SoftBank’s roughly 26% stake in Twenty One Capital, tightening its grip over one of the crypto industry’s largest corporate Bitcoin vehicles.

“Despite last week’s outflows, crypto exchange-traded products have recorded nearly $4”

Cointelegraph

The purchase price was not disclosed, and the transaction was confirmed as SoftBank representatives stepped down from XXI’s board following the sale.

Cointelegraph

CoinShares data cited in the same coverage said digital asset investment products posted more than $1 billion in outflows last week as traders reduced risk exposure amid fading hopes for a durable ceasefire between the United States and Iran.

The deal also came alongside figures showing crypto exchange-traded products have recorded nearly $4.9 billion in year-to-date inflows.

BitcoinTreasuries.NET placed Twenty One’s Bitcoin position at about $3.34 billion as the firm prepared to broaden its business beyond Bitcoin accumulation into Bitcoin-related financial services.

Bernstein argued that Bitcoin miners are carving out a strategic role in the race to build artificial intelligence infrastructure, with miners repurposing portions of energy-intensive operations to host high-performance computing workloads for AI customers.

Bernstein’s analysts said miners possess two resources that are increasingly scarce amid the AI boom: large-scale power access and data center capacity.

Crypto Briefing

The same coverage tied the institutional shift to broader market sensitivity, noting that digital asset investment products posted more than $1 billion in outflows last week as escalating tensions in the Middle East sent investors to the sidelines.

It also said the convergence of crypto and AI is transforming what were once cyclical commodity businesses into strategic infrastructure plays tied to two of the market’s most capital-intensive industries.

In that framing, the outlook for miners was linked to block-reward economics, with Bernstein arguing the shift could unlock new revenue streams and higher valuations for miners as block rewards become less lucrative following each Bitcoin halving cycle.

Polymarket teamed up with Nasdaq to launch prediction markets tied to private, pre-IPO companies, letting users forecast future valuations and trade on private-company milestones.

“Key Insights - Tether deepens commitment to Bitcoin treasury firm XXI by acquiring SoftBank stake”

KuCoin

The initiative was described as expanding beyond elections and macro events into venture-capital and startup investing, with the partnership framed as pushing event-based forecasting deeper into private markets.

The coverage also linked institutional participation to longer-horizon positioning, citing that despite weekly pullbacks, crypto exchange-traded products have recorded nearly $4.9 billion in year-to-date inflows.

In the same roundup, CoinShares data was used to characterize the prior week’s sell-off as broad, with Bitcoin and Ether products accounting for the bulk of redemptions.

Overall, the reporting placed institutions at the center of crypto’s evolving ecosystem, even as macro shocks drove short-term sentiment swings and reshaped how capital moved across Bitcoin, Ether, and prediction-market products.