In brief

  • Twenty One Capital posted a $1.08 billion gain due to Bitcoin's price increase, not sales.

  • Bitcoin's decline since September has erased around 60% of that paper gain.

  • Shares fell 0.5% as the business posted an operating loss of $4.8 million.

Read the original story: Twenty One Capital Made $1 Billion on Bitcoin, but Has Already Lost 60%, by Lockridge Okoth, on es.beincrypto.com

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