Twenty One Capital's incoming CEO admits market cap is lower than its BTC holdings
XXI Twenty One Capital Inc
$4.50 -1.75%
View chart & analysis → - 1Twenty One Capital (XXI) incoming CEO Jackie Reses acknowledged in her first shareholder letter that the company's market cap is below the value of its bitcoin holdings
- 2The company holds 43,514 BTC (about $2.8 billion) while its market cap is roughly $1.6 billion, and it posted a $413.5 million loss in the second quarter
- 3A drop in bitcoin prices amplified the losses, and the CEO pledged to pivot toward a cash-generating business and refresh its strategy within the year
This 3-line summary is compiled from the report below.
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