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Bitcoin treasury firm posts $1.087B Q3 profit driven by Bitcoin valuation gains, not sales.

Market News
13 Nov 2026, 15:45 WIB
Crypto Briefing
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Bullish
Bitcoin treasury firm posts $1.087B Q3 profit driven by Bitcoin valuation gains, not sales.

Twenty One Capital reported a $1.087 billion net income for Q3 2026, primarily from a $1.093 billion non-cash fair-value gain on its Bitcoin holdings, without selling any coins. This marks the company's first profit since its December 2025 SPAC listing, reversing prior losses tied to Bitcoin price declines. The firm held 43,514 BTC valued at $3.643 billion and $102.8 million in cash, with $486.5 million in convertible notes secured by part of its Bitcoin. CEO Rapha Zagury emphasized that gains reflect Bitcoin price changes, not operating earnings, and highlighted potential future ventures in Bitcoin mining, lending, and energy. Investors should watch Bitcoin price impact, convertible note risks, and possible share buybacks if the stock trades below asset value.

Twenty One Capital's Q3 net income and Bitcoin gains provide context for cryptocurrency market activity on Pluang. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Nov 13, 2026 20:31 WIB: out of 50 priced assets, 28 rose and 21 fell. Tezos (XTZ) and MultiversX (EGLD) both gained over 4%, with XTZ at Rp4.392 (+4.45%) and EGLD at Rp53.464 (+4.43%), while Bitcoin (BTC) declined by 3.96% to Rp1.267.772.566, with a typical hold time of 113 days and 73% buy order activity.

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