Twenty One Capital Issues Shareholder Letter From CEO, Rapha Zagury
Business Wire•13/11/2026•07:45 ET
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Key Highlights
- ➤Q3 net income $1.087 billion, primarily driven by a $1.093 billion Bitcoin fair-value gain
- ➤43,514 Bitcoin held at approximately $83,700 per coin at September 30, 2026
- ➤$486.5 million convertible-note principal outstanding, secured by approximately 16,116 Bitcoin
- ➤$102.8 million in cash and cash equivalents at quarter-end
- ➤Twenty One is evaluating mining, lending, treasury, and energy opportunities
Expert Statements
Rapha Zagury, Chief Executive Officer of Twenty One Capital
“A balance sheet is not a business. It is our starting point.”
Rapha Zagury, Chief Executive Officer of Twenty One Capital
“But gains from an asset we own are not the same as earnings from businesses we operate.”
Rapha Zagury, Chief Executive Officer of Twenty One Capital
“Activity is not progress.”
Rapha Zagury, Chief Executive Officer of Twenty One Capital
“A bad acquisition can destroy years of value creation.”
Rapha Zagury, Chief Executive Officer of Twenty One Capital
“long-term greedy”
Twenty One Capital Issues Shareholder Letter From CEO, Rapha Zagury
Twenty One Capital, Inc. (“Twenty One” or “XXI”) (NYSE: XXI) today published its quarterly letter to shareholders from the Company’s Chief Executive Officer, Rapha Zagury.
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