Twenty One Capital's incoming CEO admits market cap is lower than its BTC holdings

XXI Twenty One Capital Inc

$4.95 -1.00%

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1. 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
2. 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
3. 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

Source BeInCrypto +1 · View original ↗

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