Twenty One's third-quarter net profit was $1.087 billion, and it held 43,514 BTC at the end of the period.

BlockBeats news, November 13 — According to a shareholder letter submitted by Bitcoin treasury company Twenty One Capital (XXI) to the U.S. SEC, the company recorded net profit of $1.087 billion in the third quarter of 2026, compared with a net loss of $656,000 in the same period last year. The quarterly profit mainly came from $1.093 billion in unrealized gains from the increase in the fair value of its Bitcoin holdings, rather than operating cash flow.

As of September 30, the company held 43,514 BTC, with a period-end fair value of approximately $3.643 billion, plus about $103 million in cash and cash equivalents. The company still has approximately $487 million in convertible note principal outstanding, secured by about 16,116 BTC. Pledged Bitcoin cannot be used for general corporate purposes or to meet liquidity needs.

Company CEO Rapha Zagury said the company is evaluating opportunities in Bitcoin mining, lending, treasury, and energy, hoping to build businesses that can generate cash flow even if the coin price moves sideways, and in the future may use operating cash flow to increase Bitcoin holdings or invest in other businesses. He also said that if the share price is below the asset value per share, the company may consider buybacks, but this still depends on liquidity, approvals, and applicable restrictions.