Twenty One Capital swung to net income from a year-earlier loss, driven by a $1,092.9 million gain from the increase in Bitcoin’s fair value; operating expenses rose, including higher stock-based compensation, advisory-fee amortization, professional fees and insurance.
Financial Highlights
² Reported as “Net income (loss)”.
Business Highlights
- Bitcoin holdings: The company held 43,514 Bitcoin at September 30, 2026, compared with 43,515 at December 31, 2025.
- Bitcoin per share: BPS was 12,553 sats at September 30, 2026, versus 12,557 at December 31, 2025.
- Marketing: Spending fell by $0.04 million, reflecting a temporary redirection of marketing efforts.
- Strategic plans: The company said it is no longer pursuing the acquisition of Strike; it has no binding agreement for an Elektron transaction.
Original SEC Filing: Twenty One Capital, Inc. [ XXI ] - 10-Q - Nov. 13, 2026
