đ° Tether-backed Twenty One Capital posts $1.09B Q3 profit on Bitcoin gains
Twenty One Capital (XXI) reported third-quarter net income of $1.087 billion, almost entirely from $1.093 billion in fair-value gains on its Bitcoin, according to an SEC filing. The company held 43,514 BTC as of Sept. 30, plus $102.8 million in cash. For the first nine months of 2026 it still shows a net loss of $186.5 million as Bitcoin's price fell.
CEO Rapha Zagury said "a balance sheet is not a business," adding the firm is weighing Bitcoin mining, lending, treasury and energy, and may buy back shares if they trade below the value of its assets.
â With BTC now well below its Sept. 30 level, treasury companies' paper profits can flip quickly, which is why investors are pushing them to build real operating businesses.
#Bitcoin #BTC #Tether #CryptoTreasury #Earnings
Twenty One Capital (XXI) reported third-quarter net income of $1.087 billion, almost entirely from $1.093 billion in fair-value gains on its Bitcoin, according to an SEC filing. The company held 43,514 BTC as of Sept. 30, plus $102.8 million in cash. For the first nine months of 2026 it still shows a net loss of $186.5 million as Bitcoin's price fell.
CEO Rapha Zagury said "a balance sheet is not a business," adding the firm is weighing Bitcoin mining, lending, treasury and energy, and may buy back shares if they trade below the value of its assets.
â With BTC now well below its Sept. 30 level, treasury companies' paper profits can flip quickly, which is why investors are pushing them to build real operating businesses.
#Bitcoin #BTC #Tether #CryptoTreasury #Earnings
