Twenty One Capital Reports $1.087 Billion Quarterly Net Income, Driven by Bitcoin Gains
Twenty One Capital reported $1.087 billion in Q3 net income, mainly from a $1.093 billion gain on Bitcoin holdings. The company held 43,514 Bitcoin, $102.8 million in cash, and $486.5 million in convertible-note principal. CEO Rapha Zagury discussed capital allocation strategies, including Bitcoin purchases and acquisitions. The company is exploring Bitcoin mining, lending, and security research opportunities.

