$BTC - Twenty One Capital positions itself as a Bitcoin‑focused holding company
- Holds about 43,000 BTC acquired at a discount to spot price
- CEO Rapha Zagury detailed its mNAV calculation, ongoing share buybacks and the edge from Tether's backing
- Marketed as a long‑term, Berkshire‑style vehicle for Bitcoin exposure
If the discount remains, the structure could let investors capture Bitcoin upside while smoothing volatility, though results still depend on BTC's price trajectory.
#Bitcoin #BTC
- Holds about 43,000 BTC acquired at a discount to spot price
- CEO Rapha Zagury detailed its mNAV calculation, ongoing share buybacks and the edge from Tether's backing
- Marketed as a long‑term, Berkshire‑style vehicle for Bitcoin exposure
If the discount remains, the structure could let investors capture Bitcoin upside while smoothing volatility, though results still depend on BTC's price trajectory.
#Bitcoin #BTC