Investment
Features
FeesSafety
Academy
More
Pluang+

Twenty One Capital builds Bitcoin business around 43,000 BTC, tackles market discount with new strategies.

Protocol Fundamentals
09 Oct 2026
Tokenpost
View Source
Bullish
Twenty One Capital builds Bitcoin business around 43,000 BTC, tackles market discount with new strategies.

Twenty One Capital is developing a Bitcoin-focused operating and capital-markets business based on its holding of roughly 43,000 Bitcoin. The company faces a market valuation about 30% below the value of its Bitcoin assets, prompting CEO Rapha Zagury to question if market net asset value (mNAV) is the best metric for an operating company. To address this discount, the company is considering share buybacks and issuing preferred stock. Unlike passive treasury firms, Twenty One benefits from Tether's backing, providing permanent capital. The company plans to expand beyond holding Bitcoin by developing capital markets, energy trading, lending using Bitcoin as collateral, and exploring Bitcoin mining amid changing industry economics. This positions Twenty One as an operating company centered on Bitcoin rather than just a holding vehicle.

Twenty One Capital's Bitcoin treasury is the story subject, here is Pluang's market snapshot as of Oct 09, 2026 20:32 WIB: Of 50 major cryptocurrencies, 15 rose and 34 fell today. Notable gainers include ATOM at Rp35.000 (+8.38%), EOS at Rp12.649 (+8.13%), and BAT at Rp1.995 (+7.97%).

More News

Sigenergy debuts AI-powered energy solutions and new partnerships at Malaysia's IGEM 2026.

Sigenergy debuts AI-powered energy solutions and new partnerships at Malaysia's IGEM 2026.

At Malaysia's IGEM 2026, Sigenergy showcased its latest AI-driven energy technologies, including smart storage and inverter systems, highlighting its role in advancing sustainable energy. The company also signed MOUs with local partners Milieu and YT...

Market News
Bullish
1 hour ago
Bitcoin sees more extreme daily moves in 2026 than 2018 despite lower overall volatility

Bitcoin sees more extreme daily moves in 2026 than 2018 despite lower overall volatility

In 2026, Bitcoin has experienced 10 unusually large daily price moves of at least three standard deviations through October 9, surpassing the eight such moves recorded during the entire 2018 bear market. This is notable because overall annualized vol...

Market News
Neutral
4 hours ago
Bitcoin's average volatility drops but extreme price jumps exceed 2018 levels, signaling mixed market signals.

Bitcoin's average volatility drops but extreme price jumps exceed 2018 levels, signaling mixed market signals.

In 2026, Bitcoin's average annualized volatility has decreased to 40-47%, much lower than historical levels above 80%, suggesting calmer daily price movements. However, extreme price jumps—sudden large swings—have increased by 71% compared to 2018, i...

Market News
Neutral
4 hours ago
Hyperliquid network upgrade scheduled for Oct 10, causing brief trading downtime

Hyperliquid network upgrade scheduled for Oct 10, causing brief trading downtime

Hyperliquid will perform a network upgrade on October 10 at 4:15 a.m. ET, expected to last about 10 minutes. During this time, trading and on-chain activities may be temporarily interrupted. The maintenance is planned for early Saturday morning in th...

Protocol Fundamentals
Neutral
4 hours ago
Bitcoin ETFs see $21M inflows as Ether ETFs face $56M outflows amid US crypto regulatory shifts

Bitcoin ETFs see $21M inflows as Ether ETFs face $56M outflows amid US crypto regulatory shifts

On October 9, Bitcoin spot ETFs attracted $21.13 million in net inflows, led by IBIT with $22.38 million, while Ether spot ETFs experienced $56.10 million in net outflows, marking nine straight sessions of decline. This divergence occurs amid ongoing...

Market News
Neutral
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App