Twenty One Capital reports Q3 results

Twenty One Capital reports Q3 results

Twenty One Capital reports Q3 net income of $1.087 billion, mainly from a $1.093 billion fair-value gain on 43,514 Bitcoin, rather than operating cash flow.

Twenty One Capital Posts $1.09 Billion Q3 Income on Bitcoin

TL;DR Bitcoin Gains: Twenty One Capital reported $1.087 billion in third-quarter net income, with $1.093 billion of that amount coming from fair value gains tied to its Bitcoin holdings. CEO Strategy: Rapha Zagury said a strong balance sheet is only a starting point, emphasizing the need to build operating businesses. Year-To-Date Performance: Despite a profitable ...

Tether-backed Twenty One Capital reports $1.09 billion Q3 net income on bitcoin gains

Twenty One Capital reported $1.09 billion in Q3 net income, driven by Bitcoin gains, while posting a $4.8 million operating loss.

Twenty One Capital reports US$1.09B bitcoin gain

Twenty One Capital reports a US$1.093 billion bitcoin valuation gain, with US$102.8 million in cash and US$486.5 million in convertible-note principal.

Twenty One Capital posts $1.087 billion Q3 net income on Bitcoin gains

The reliance on Bitcoin's valuation highlights the volatility risk for Twenty One Capital, emphasizing the need for diversified revenue streams.