Twenty One Capital CEO Says $1.09 Billion Quarterly Profit Came From Bitcoin, Not Business
By Unchained
AI summary of the source article
Twenty One Capital reported $1.087 billion in third-quarter net income, driven almost entirely by a $1.093 billion gain in the accounting value of its bitcoin holdings. The firm held 43,514 BTC and $102.8 million in cash at the end of September.
Key facts
- Twenty One Capital generated $1.087 billion in Q3 net income, driven by a $1.093 billion increase in the accounting value of held bitcoin.
- The firm ended September with 43,514 BTC, $102.8 million in cash, and $486.5 million in convertible note debt backed by roughly 16,116 BTC.
- The company posted a $186.5 million net loss for the first nine months of 2026 and is no longer pursuing an acquisition of Strike.
Source excerpt · Unchained
Rapha Zagury told shareholders the Q3 net income was a fair-value gain on the firm's 43,514 BTC, as its 10-Q shows a $186.5 million nine-month loss and no binding deal for Elektron. The post Twenty One Capital CEO Says $1.09 Billion Quarterly Profit Came From Bitcoin, Not Business appeared first on Unchained .