Appointee will meet SEC and NYSE independence standards, restoring the audit committee to full composition
6 June 2026 – Tether International, S.A. de C.V. (“Tether International”), the controlling shareholder of Twenty One Capital (“XXI”), today announced it has designated an additional independent director to XXI’s board, filling the audit committee seat opened by recent board changes. The board of XXI determined that the appointee will qualify as independent under Rule 10A-3 of the Securities Exchange Act and Section 303A.02 of the NYSE Listed Company Manual.
The vacancy followed the May 20th transaction in which Tether acquired SoftBank Group’s stake in XXI, and the related governance agreement was terminated. At the closing of that transaction, SoftBank Group’s representatives on the XXI board stepped down, one of whom was a member of the audit committee. XXI notified the NYSE of the change in committee composition at the time.
Founded as a Bitcoin treasury company, XXI holds more than 43,500 Bitcoin, and its vision is to build a vertically integrated Bitcoin business that combines mining, treasury, capital markets, and financial services.
“XXI is building one of the most important Bitcoin companies in the world, and so, we have been putting a great deal of rigor into finding the best candidate that can deliver shareholders thorough, independent oversight,” said Paolo Ardoino, CEO of Tether. “The strength of the oversight needs to match the strength of the balance sheet. It has been XXI’s priority to appoint a director who meets all applicable requirements set out by the SEC and NYSE.”