Investors
The numbers behind each share.
Twenty One Capital’s Class A common stock is listed on the NYSE as XXI. The capital we report, our filings and announcements, each with its date and source.
NYSE: XXIClass A common stock
$5.57+1.6% vs previous session
Close, Nov 9, 4:00 pm ET. Delayed at least 20 minutes.
-36.4% December 31, 2025 to November 9, 2026. USD price return. Data through November 9, 2026, the last available session.
Reported capital
Interim financial statements (Q2 2026 Form 10-Q, unaudited)Audited financial statements (2025 Form 10-K)Capital summary, printableDisclosed Bitcoin addresses
Selected figures from the Q2 2026 report. The pledged Bitcoin is included in total holdings.
- Bitcoin held
- 43,514 BTCJun 30, 2026
- Total Bitcoin held by the company at the period end, as reported in the quarterly report. Source: Q2 2026 Form 10-Q.
- Bitcoin pledged for convertible notes
- Approximately 16,116 BTCJun 30, 2026
- Bitcoin pledged as collateral for the 1.0% convertible senior notes due 2030. Included within the total above; not available for general corporate purposes while serving as collateral. Source: Q2 2026 Form 10-Q.
- Cash
- $106.1MJun 30, 2026
- The balance-sheet line labelled Cash at the period end: $106,132,084. Source: Condensed consolidated balance sheets.
- Convertible notes, principal
- $486.5MJun 30, 2026
- Aggregate principal of the 1.0% convertible senior notes due 2030: $486,500,000, payable at maturity unless converted, repurchased or redeemed earlier. Source: Q2 2026 Form 10-Q.
Further reported figures
From the same report: the carrying amount of the notes and the reported operating stage.
- Convertible notes, carrying amount
- $484.5MJun 30, 2026
- Balance-sheet carrying amount of the notes: $484,543,716. Differs from principal because unamortised issuance costs are deducted. Source: Q2 2026 Form 10-Q.
- Operating revenue in the report period
- No operating revenue reportedJun 30, 2026
- The statements of operations for the six months ended June 30, 2026 report operating expenses and other income and expense, and no operating revenue line. Other income is not operating revenue. This describes the reported period, not the current quarter. Source: Condensed consolidated statements of operations.
The pledged Bitcoin is collateral for the convertible notes and is not available for general corporate purposes while it serves as collateral. Holdings alone do not describe the claims ahead of shareholders. See the Q2 2026 Form 10-Q.
Disclosed Bitcoin addresses: the balances and transaction history of the addresses the company has disclosed, as observed on the Bitcoin blockchain at the last site build. Their scope and date differ from the reported total above. It is not a reconciliation and not an audit.
Stock information
Twenty One’s Class A common stock is listed on the NYSE under the symbol XXI. Current quotes and price history: NYSE: XXI, or your broker.
- Listing
- NYSE: XXI, Class A common stock. First session December 9, 2025.
- Incorporation
- Texas, March 7, 2025
- Fiscal year end
- December 31
- Independent auditor
- WithumSmith+Brown, PC, East Brunswick, New Jersey. Auditor since 2025.
From the Form 10-K for 2025 (cover page, Items 1, 5 and 14) and the listing announcement of December 3, 2025.
The share price and chart at the top of this page come from Q4’s stock quote feed (data provider: Xignite). This is unaudited third-party data. The price is delayed at least 20 minutes; the chart shows closing prices of completed NYSE regular sessions, adjusted for any splits and dividends (there have been none since the listing).
Market-based calculations
Using prices from November 9, 2026. Data through November 9, 2026, the last available session.
- EV / gross Bitcoin value
- 0.71xNov 9, 2026
- Enterprise value ÷ gross Bitcoin value, often called EV mNAV. Enterprise value = Class A market value + convertible-note principal − cash: $2.31B ÷ $3.26B. Under this formula, 1.00x means Class A market value equals the value of the reported Bitcoin plus reported cash, less convertible-note principal. It does not assign a separate value to operating businesses or include every asset and liability.
- Class A market value
- $1.93BNov 9, 2026
- Class A shares outstanding × XXI closing price. Class A only: Class B shares carry one vote each and no economic rights. Not diluted: the convertible notes and equity awards are not counted.
- Gross Bitcoin value
- $3.26BNov 9, 2026
- Bitcoin held × Bitcoin price. Gross: debt is not subtracted. The reported holding, not an on-chain balance.
Inputs
- Bitcoin held
- 43,514 BTCJun 30, 2026
- Includes approximately 16,116 BTC pledged for the convertible notes. Q2 2026 Form 10-Q.
- Convertible notes, principal
- $486,500,000Jun 30, 2026
- Principal, not carrying amount. Q2 2026 Form 10-Q.
- XXI closing price
- $5.57Nov 9, 2026
- NYSE regular-session close. Q4 stock quote feed (Xignite) (end-of-day, unaudited third-party data).
- Bitcoin price
- $74,846.00Nov 9, 2026
- Bitcoin uses an hourly price proxy at the NYSE closing-time boundary: the next bar’s open, or the preceding bar’s close when necessary. It is not a verified spot tick at the equity close. mempool.space, average of exchange prices (unaudited third-party data).
These calculations are provided for informational purposes only and do not represent or imply that they are XXI metrics or key performance indicators. Calculated from the dated public inputs shown here. These figures are not amounts reported in our financial statements, an estimate of intrinsic value or a prediction of shareholder returns. The financial inputs are taken at their own reporting dates and combined with delayed, unaudited third-party prices; the figures change only when this site is rebuilt. Other sources define these measures differently and will show different values.
Charts and market-based calculations use the dated price snapshot shown. “Latest” prices in the information panels refresh separately while this page is open. They do not update those calculations.
The Home page shows the ratio’s path since August 11, 2026, between 0.64x and 0.80x. The trend holds the disclosed Bitcoin, cash, debt and share count constant; only market prices change. It is an illustration using those inputs, not a history of daily company NAV.
See also the Legal notice on third-party data.
Common questions
The balance sheet shows resources and obligations; operating reports show what businesses earn and require. Our filings control.
What does a Twenty One share represent?
A share represents an ownership interest in Twenty One, a company that holds Bitcoin and is focused on building and acquiring operating businesses. Shareholders have exposure to the company’s assets, liabilities, costs and business decisions. This differs from owning Bitcoin directly or shares in a spot Bitcoin ETF. Company execution, financing and dilution can affect the outcome.
What has the company built so far?
Operating businesses remain the intended model, not a reported result. The Q2 2026 report recorded no operating revenue for the six months ended June 30, 2026. This describes the reported period, not the current quarter. Public filings and company releases checked November 10, 2026.
Corporate milestones from company releases and filings, which are not operating results: David J. Goldschmidt joins the Board (September 8, 2026); Raphael Zagury appointed Chief Executive Officer (July 21, 2026); Karl Olsoni joins the Board (June 30, 2026); Paul S. Lalljie joins the Board (June 5, 2026).
Reported capital: 43,514 BTC held, including approximately 16,116 BTC pledged for the convertible notes; cash $106.1M; convertible notes principal $486.5M. Q2 2026 Form 10-Q, at June 30, 2026. Reported capital · Latest quarterly report
Why do cash, debt and dilution matter?
Cash helps meet operating costs, debt obligations and investment needs. Debt terms, pledged Bitcoin and new share issuance affect what is available to shareholders and the risks they bear. Read the dated capital information together with the company’s filings.
How are related-party transactions governed?
Our Audit Committee Charter gives the committee oversight of the company’s Related Party Transactions Policy. The committee also has the responsibility to review proposed transactions or courses of dealings requiring approval or ratification under such policy. Additionally, related-party transactions are subject to review and approval in accordance with applicable provisions of the Texas Business Organizations Code.
Announcements
Recent SEC filings
All filings on EDGARLatest 10-K: fiscal 2025 (PDF)Latest 10-Q: period ended June 30, 2026 (PDF)Current reports (Form 8-K)
Board appointment
Form 8-K, items 5.02, 9.01. PDF · Filing index
Current report
Form 8-K, items 8.01, 9.01. PDF · Filing index
Shareholder letter furnished
Form 8-K, items 7.01, 9.01. PDF · Filing index
Prospectus supplement
Form 424B3. PDF · Filing index
Quarterly report
Form 10-Q. Period ended June 30, 2026. PDF · Filing index
Current report
Form 8-K, items 8.01, 9.01. PDF · Filing index
Contact and alerts
- Investor relations
- [email protected]
- Media inquiries
- [email protected]
- Twenty One Capital, Inc.
111 Congress Avenue, Suite 500
Austin, Texas 78701 - Email alerts
- Receive company news, filings and events by email.