Twenty One Capital posted $1.087 billion in net income for the third quarter of 2026, with a noncash revaluation gain on Bitcoin (BTC) accounting for most of the result as its balance sheet showed 43,514 BTC.
The gain totaled $1.093 billion. As of Sept. 30, the company valued its Bitcoin holdings at about $83,700 per coin, with roughly 16,116 BTC pledged as collateral for convertible notes. The 43,514 BTC total was unchanged from June 30, the date covered in TokenPost’s earlier coverage of digital-asset treasury holdings.
Twenty One Capital had $102.8 million in cash and cash equivalents and $486.5 million in outstanding convertible-note principal as of Sept. 30. The company said share repurchases merit serious consideration if its stock trades below the value of its assets.
It is evaluating opportunities in mining, lending, treasury operations and energy. David Goldschmidt, formerly Skadden’s global capital markets business head, joined the company’s board and audit committee.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to [email protected].
