Twenty One Capital holds 43,514 Bitcoin worth up to $2. 9B as treasury stays locked in
Twenty One Capital is sitting on 43,514 Bitcoin, valued at roughly $2. 8 billion to $2. 9 billion depending on where the market closes on any given day. That number has not moved since the company added 6,284. . .
Twenty One Capital is sitting on 43,514 Bitcoin, valued at roughly $2. 8 billion to $2. 9 billion depending on where the market closes on any given day. That number has not moved since the company added 6,284 BTC on July 30, 2025, making it one of the more deliberate corporate accumulators in the public market. The company trades on the NYSE under the ticker XXI and positions itself as a pure-play Bitcoin treasury vehicle. A company built around one assetTwenty One Capital came together through a SPAC merger with Cantor Equity Partners and began trading on December 9, 2025. Its backers include Tether and SoftBank Group. The company’s average cost basis sits at approximately $84,865 per BTC. AdvertisementThe focus on Bitcoin per share as the core performance metric sets Twenty One Capital apart from traditional corporate treasury strategies. Rather than measuring success in earnings per share or revenue growth, the firm tracks how much Bitcoin each share represents. At 43,514 BTC, Twenty One Capital ranks among the largest public corporate holders of Bitcoin globally, previously occupying the second or third spot on that list depending on how competitors’ holdings shifted in a given quarter. Leadership changed, strategy did notThe most significant internal development for Twenty One Capital in recent months has been the departure of its founder and original CEO, Jack Mallers. Mallers stepped down on July 20, 2026, citing a desire to focus on Strike, his Bitcoin payments company. Raphael Zagury stepped in as the new CEO. Zagury’s appointment has so far produced no visible shift in the company’s treasury strategy. The Bitcoin count has not changed since before Mallers left. The company has stated its focus includes Bitcoin advocacy, financial literacy, and potential new financial products designed to grow the treasury over time. What this means for corporate Bitcoin adoptionFor institutional investors, a fund manager who wants Bitcoin exposure without navigating crypto exchanges, custody arrangements, or tax complexity can simply buy shares of XXI. The tradeoff is that the share price will carry the premium or discount that comes with any publicly traded fund-like structure, meaning investors do not always get exactly one dollar of Bitcoin for every dollar invested. Disclosure:This article was edited by Editorial Team. For more information on how we create and review content, see ourEditorial Policy.