Tether-backed Twenty One Capital reports $1.09 billion Q3 net income on bitcoin gains
- Twenty One Capital reported $1.09 billion in Q3 net income, driven by Bitcoin gains, while posting a $4.8 million operating loss.
- Twenty One Capital (XXI) reported $1.087 billion in net income for the third quarter, and CEO Rapha Zagury told shareholders on Friday that nearly all of it came from a $1.093 billion rise in the accounting value of the…
- “A balance sheet is not a business,” Zagury wrote in the quarterly letter, calling the company’s coins “our starting point.” He added that “gains from an asset we own are not the same as earnings from businesses we…
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