Tether Buys SoftBank Stake in Twenty One Capital, Expands Bitcoin Strategy

BTC

BTC/USDT

$79,906.18

+0.35%

$79,906.18

+0.35%

(24s)

24h Volume

$7,093,129,474.15

24h H/L

$80,200.00 / $79,545.96

Change: $654.04 (0.82%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0024%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,977.99

▲ 0.18%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,260.41

Resistance 1$80,157.58

Price$79,977.99

Support 1$79,635.96

Support 2$77,509.46

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):67.1

Cointelegraph Staff

(05:33 PM UTC)

1 min read

Approved byEmily Watson

0 comments

Tether has acquired SoftBank Group’s stake in Twenty One Capital, the Bitcoin treasury company that is expanding into lending, mining and capital markets services, in a move that gives the stablecoin issuer greater control over one of the largest publicly traded Bitcoin holders.

In an announcement on Wednesday, Tether said it purchased SoftBank’s roughly 26% stake for an undisclosed amount.…