Twenty One Capital Reports $1.09B Q3 Profit on Bitcoin Gains
Twenty One Capital reported $1.09 billion (USD) in Q3 net income, almost all from unrealized bitcoin gains, as CEO Rapha Zagury stresses the firm still needs a real business beyond its balance sheet.
If a company's earnings depend mostly on an asset's price swings, can it still be judged like a normal business? Twenty One Capital says a balance sheet is only a starting point, not the business itself. As more firms hold large crypto treasuries, investors, regulators and builders will need a clearer answer. Should these companies be valued on their holdings, their operations, or some blend of both? The answer could shape how bitcoin treasury firms report results for years to come.
https://www.bonuz.xyz/en/blog/twenty-one-capital-q3-bitcoin-profit
Twenty One Capital reported $1.09 billion (USD) in Q3 net income, almost all from unrealized bitcoin gains, as CEO Rapha Zagury stresses the firm still needs a real business beyond its balance sheet.
If a company's earnings depend mostly on an asset's price swings, can it still be judged like a normal business? Twenty One Capital says a balance sheet is only a starting point, not the business itself. As more firms hold large crypto treasuries, investors, regulators and builders will need a clearer answer. Should these companies be valued on their holdings, their operations, or some blend of both? The answer could shape how bitcoin treasury firms report results for years to come.
https://www.bonuz.xyz/en/blog/twenty-one-capital-q3-bitcoin-profit
