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El Salvador Bitcoin
Tether Buys Out SoftBank Stake in Bitcoin Treasury Firm
Financial Post·24d ago·neutral
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Tether has bought out SoftBank Group Inc.’s ownership in the digital-asset treasury company Twenty One Capital Inc., adding to its control over the Bitcoin accumulator as it seeks to merge the firm with two other businesses.
(Bloomberg) Tether has bought out SoftBank Group Inc.s ownership in the digital-asset treasury company Twenty One Capital Inc., adding to its control over the Bitcoin accumulator as it seeks to merge… [+4628 chars]
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Published
May 20, 2026, 01:43 PM
Author
Bloomberg News
Source
Financial Post
Frequently asked · El Salvador Bitcoin
Is Bitcoin still legal tender in El Salvador?
While El Salvador made Bitcoin legal tender in 2021, reports indicate the country repealed its mandate requiring businesses to accept it in early 2025.
Did the average Salvadoran adopt Bitcoin for daily use?
No, studies show that most citizens who downloaded the government's Chivo wallet stopped using it after receiving their initial $30 bonus, and only a small fraction of the population uses Bitcoin for regular payments.
What is the status of the government's Bitcoin investment?
As of late 2024, the government's reported Bitcoin investment has reached over $600 million in value, though these remain unrealized gains until the assets are sold.