Twenty One Capital

Twenty One Capital reports $1.09 billion Q3 profit, driven by bitcoin revaluation

Twenty One Capital◼ (XXI) reported $1.087 billion in Q3 net income, almost all from a $1.093 billion rise in the accounting value of its bitcoin, alongside a $4.8 million operating loss. CEO Rapha Zagury said the company holds 43,514 BTC and $102.8 million in cash, and that it has no binding deal to buy Elektron and is no longer pursuing a merger with Strike◼. The company is evaluating deals in mining, lending, treasury and energy, and David Goldschmidt has joined the board.