Tether has bought out SoftBank’s stake in Twenty One Capital, giving it full control of the Jack Mallers-cofounded firm and positioning it as Tether’s primary public Bitcoin vehicle.

Tether has acquired SoftBank's stake in Twenty One Capital, with SoftBank's representatives stepping down from its board of directors.

After dropping nearly $1 billion on the Bitcoin treasury firm co-founded by Tether, Japanese investment firm SoftBank has been bought out.