Tether is buying out SoftBank Group Inc.’s stake in the digital-asset treasury company Twenty One Capital, according to multiple reports. The purchase expands Tether’s ownership and control over the public Bitcoin-focused firm, which is described as holding and managing Bitcoin-related assets. Tether’s announcement states the transaction reflects the continued development of Twenty One Capital as the company builds on its foundation and advances a long-term bitcoin strategy. Bloomberg reports that the acquisition is part of Tether’s broader plans to merge Twenty One Capital with two other businesses. The Block adds that SoftBank representatives step down from Twenty One Capital’s board as part of the deal. Cointelegraph similarly characterizes the move as increasing Tether’s control while Twenty One Capital expands activities that may include lending, mining, and capital-markets operations. Decrypt reports the buyout follows Tether’s earlier investment in the firm, noting that Tether previously spent close to $1 billion on Twenty One Capital. The outlets do not uniformly provide full deal terms in the excerpts, but all agree the transaction centers on SoftBank’s exit from Twenty One Capital.