Twenty One Capital Reports $1.087 Billion Quarterly Net Income, Driven by Bitcoin Gains

Twenty One Capital (XXI) reported Q3 2026 earnings, highlighting strategic hires, Bitcoin investments, and operational updates. The company's Bitcoin treasury gained $1.1B due to price appreciation, with Bitcoin valued at $83,700 per coin. Operating expenses decreased to $4.8M, driven by lower stock-based compensation. The company discussed plans for mining, lending, and potential acquisitions, emphasizing Bitcoin as a key asset.

Twenty One Capital reported a $1.087 billion profit in Q3 due to Bitcoin's value increase, but 60% of that profit has since disappeared. The company's 43,514 Bitcoins are now worth about $700 million less than their purchase price. The company had no revenue and a $4.8 million operating loss. Shares fell 0.6% on the news.

Twenty One Capital reported Q3 operating expenses of $26.1M, with net cash used at $1.7M. The company is evaluating acquisitions in mining, lending, and energy, aiming for cash-generating businesses. It has $102.8M in cash and $486.5M in convertible notes, with 27,398 Bitcoin unpledged. Executives discussed potential share buybacks and long-term business growth.

Twenty One Capital (XXI) reported $1.087 billion net income for Q3, with CEO Rapha Zagury attributing nearly all to a $1.093 billion rise in bitcoin value, not operational cash. The company held 43,514 BTC and $102.8 million in cash, with $486.5 million in convertible notes backed by 16,116 BTC. The SEC filing showed a $186.5 million net loss for the first nine months of 2026, implying $1.27 billion in losses for the first half. XXI is evaluating deals in mining, lending, treasury, and energy.

Twenty One Capital (XXI) reported Q3 2026 net income of $1.087B, driven by a $1.093B non-cash gain on Bitcoin holdings. The company held 43,514 BTC, valued at $3.643B. CEO Rapha Zagury cautioned that gains were not operating earnings and hinted at potential buybacks.

Twenty One Capital (NYSE:XXI) reported Q3 net income of $1.087B, mainly from a $1.093B gain on bitcoin holdings. The company holds 43,514 bitcoin and $102.8M in cash. CEO Rapha Zagury plans to build cash-generating businesses around its bitcoin treasury and is evaluating opportunities in mining, lending, and energy sectors.