SoftBank’s subsidiary, Stellar Beacon, completed its investment in Twenty One Capital in connection with Twenty One’s business combination with Cantor Equity Partners. As a result of the combination, Twenty One is now listed on the New York Stock Exchange under the ticker “XXI.”
Twenty One is a Bitcoin-native company that will strategically allocate capital to increase Bitcoin per share. Twenty One is majority-owned by Tether Investments, S.A. de C.V., the world’s largest stablecoin issuer, and Bitfinex, with significant minority ownership by SoftBank.
The SoftBank Group invests in breakthrough technology to improve the quality of life for people around the world. The SoftBank Group is comprised of SoftBank Group Corp. (TOKYO: 9984), an investment holding company that includes stakes in AI, smart robotics, IoT, telecommunications, internet services, and clean energy technology providers, as well as a majority stake in Arm, which is building the future of computing; and the SoftBank Vision Funds, which are investing to help transform industries and shape new ones.
S&C previously advised SoftBank on the formation of Twenty One Capital.
The S&C team advising SoftBank included Matt Goodman, Mario Schollmeyer, James Shea Jr., Noah Springer and Ethan Ansorge. Davis Wang, Eli Dubin, Gregg Rader and Jeremy Zeitschel advised on tax matters. Kristen Klein and Lauren Appel advised on executive compensation and benefits matters. Courtland Morrice and Katy Beeson advised on financing matters. Rachel Yu and Grace Son advised on intellectual property matters. Sam Woodall, Eric Kadel, Eric Diamond and Colin Lloyd advised on certain regulatory matters.