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Tether Tightens Grip on Bitcoin Treasury Firm Twenty One With SoftBank Buyout

BTC

BTC/USDT

$84,603.56
+1.67%
24h Volume

$19,099,828,520.53

24h H/L

$84,942.45 / $83,156.00

Change: $1,786.45 (2.15%)

Long/Short
56.8%
Long: 56.8%Short: 43.2%
Funding Rate

+0.0021%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$84,644.26

▲ 0.28%

Volume (24h): -

Resistance Levels
Resistance 3$99,648.20
Resistance 2$94,549.91
Resistance 1$85,369.74
Price$84,644.26
Support 1$84,364.01
Support 2$81,859.10
Support 3$77,001.87
Pivot (PP):$84,075.87
Trend:Uptrend
RSI (14):66.0
DE
Decrypt Editorial
(04:12 PM UTC)
1 min read
SC
Updated bySarah Chen

In brief

  • Tether has acquired SoftBank’s stake in Twenty One Capital (XXI), completely removing the Japanese tech giant from the venture.
  • Shares that SoftBank purchased for nearly $1 billion last year were valued around $711 million on Wednesday.
  • SoftBank’s departure forced the immediate resignation of its board designees, leaving XXI temporarily non-compliant with NYSE rules.

Tether signaled on…

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