Twenty One Q3 financial report: net profit of 1.087 billion USD, holding 43,514 BTC

According to SEC filings, Bitcoin treasury company Twenty One Capital (XXI) released its Q3 2026 financial report and shareholder letter, stating that as of September 30, it holds 43,514 BTC, valued at approximately $83,700 each, of which about 16,116 BTC is used as collateral for convertible notes. In the third quarter, Twenty One reported a net profit of $1.087 billion, primarily from a $1.093 billion fair value gain on Bitcoin (non-cash).

As of September 30, cash and cash equivalents were $102.8 million, with outstanding convertible note principal at $486.5 million. The company stated that stock buybacks are "worth serious consideration" when the stock price is below its corresponding asset value, and it is also evaluating opportunities in mining, lending, treasury, and energy sectors.

In addition, former Skadden global capital markets head David Goldschmidt has joined its board and audit committee.