Tether buys SoftBank stake in Twenty One; miners pivot to AI
Tether acquired SoftBank’s roughly 26% stake in Twenty One Capital. Public Bitcoin miners are reallocating capacity to AI computing. Polymarket and Nasdaq launched private-company prediction markets.
Tether purchased SoftBank’s roughly 26% stake in Twenty One Capital for an undisclosed sum. The transaction increases Tether’s ownership in the corporate Bitcoin treasury firm. Twenty One was founded by Jack Mallers and drew early backing from Bitfinex and Cantor Fitzgerald. The company holds more than 42,000 BTC, a position valued at about $3.34 billion.
Digital asset investment products recorded more than $1 billion in outflows last week as rising tensions involving the United States and Iran prompted investors to reduce risk exposure. Bitcoin and Ether products accounted for the bulk of the withdrawals. Exchange-traded crypto products have recorded nearly $4.9 billion in inflows so far this year.
Market research found several publicly traded Bitcoin miners are reallocating parts of their power and data-center capacity to support high-performance computing workloads for artificial intelligence customers. Eleven publicly traded miners have announced plans to expand their planned power portfolios. Miners control large electricity contracts and physical data-center space that are in demand from firms building and running AI models.
Some mining companies are offering their facilities for high-density computing and colocation for AI workloads as they adapt to lower block rewards following past Bitcoin halving cycles. Companies with excess power and data-center capacity are positioning those assets to host compute-intensive applications.
Polymarket and Nasdaq launched a partnership to offer prediction markets focused on private, pre-IPO companies. The contracts let traders take positions on valuation milestones, IPO timing and activity in secondary markets for startups.
The week’s activity covered corporate balance-sheet transactions, infrastructure reallocation by miners and new tradable products tied to private-company outcomes. The short-term fund outflows illustrate that institutional crypto allocations can shift quickly in response to geopolitical events.
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