(XXI) Twenty One Capital - Overview
Sector: Financial Services | Industry: Shell Companies | Exchange: NYSE (USA) | Market Cap: 2.542m USD | Total Return: -82.6% in 12m
Avg Turnover: 8.56M
Warnings
Share dilution 4989.0% YoY
Tailwinds
No distinct edge detected
Twenty One Capital, Inc. (NYSE: XXI) is an Austin-based firm specialized in the acquisition and management of Bitcoin assets. The company operates within the Asset Management & Custody Banks sub-industry, focusing on long-term treasury strategies centered on digital currency holdings.
The business model combines balance sheet management with an educational component designed to increase Bitcoin literacy among institutional and retail investors. Unlike traditional diversified asset managers, firms in this sector often use equity issuance to fund direct cryptocurrency purchases, making their market valuation highly sensitive to underlying spot prices.
Investors can analyze the companys valuation metrics and treasury performance further on ValueRay. This strategic focus positions the company as a specialized vehicle for equity investors seeking direct exposure to the digital asset ecosystem without managing private keys.
- Spot Bitcoin price volatility directly impacts net asset value and share price
- Strategic Bitcoin accumulation pace dictates institutional investor confidence and market valuation
- Expansion of Bitcoin literacy content drives retail engagement and brand monetization
- Regulatory shifts in digital asset custody affect operational compliance and overhead
- Macroeconomic shifts in interest rates influence capital allocation for Bitcoin acquisitions
| Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM) |
| FCF/TA: -0.00 > 0.02 and ΔFCF/TA 0.06 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA -0.00 > 3% & CFO -2.37m > Net Income -856.4m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 25.22 > 1.5 & < 3 |
| Outstanding Shares: last quarter (651.4m) vs 12m ago 4.99k% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.0% > 50% (prev 0.0%; Δ 0.0% > 0%) |
| Interest Coverage Ratio: -9.39 > 6 (EBITDA TTM -12.3m / Interest Expense TTM 1.31m) |
| A: 0.04 (Total Current Assets 122.7m - Total Current Liabilities 4.87m) / Total Assets 3.07b |
| B: -0.37 (Retained Earnings -1.12b / Total Assets 3.07b) |
| C: -0.01 (EBIT TTM -12.3m / Avg Total Assets 1.59b) |
| D: -2.28 (Book Value of Equity -1.12b / Total Liabilities 489.3m) |
| Altman-Z'' = -3.39 = D |
As of May 30, 2026, the stock is trading at USD 7.32 with a total of 1,138,554 shares traded.
Over the past week, the price has changed by -4.19%,
over one month by -6.51%,
over three months by +27.53% and
over the past year by -82.62%.
Twenty One Capital has no consensus analysts rating.
Revenue TTM = 0.0 USD
EBIT TTM = -12.3m USD
EBITDA TTM = -12.3m USD
Long Term Debt = 484.4m USD (from longTermDebt, last quarter)
Short Term Debt = 904k USD (from shortTermDebt, two quarters ago)
Debt = 484.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 370.4m USD (calculated: Debt 484.4m - CCE 114.1m)
Enterprise Value = 2.91b USD (2.54b + Debt 484.4m - CCE 114.1m)
Interest Coverage Ratio = -9.39 (Ebit TTM -12.3m / Interest Expense TTM 1.31m)
EV/FCF = -1000.0x (Enterprise Value 2.91b / FCF TTM -2.37m)
FCF Yield = -0.08% (FCF TTM -2.37m / Enterprise Value 2.91b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = 0.95 (Enterprise Value 2.91b / Total Assets 3.07b)
Interest Expense / Debt = 0.27% (Interest Expense 1.31m / Debt 484.4m)
Taxrate = 21.0% (US default 21%)
NOPAT = -9.70m (EBIT -12.3m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 25.22 (Total Current Assets 122.7m / Total Current Liabilities 4.87m)
Debt / Equity = 0.19 (Debt 484.4m / totalStockholderEquity, last quarter 2.59b)
Debt / EBITDA = -30.16 (negative EBITDA) (Net Debt 370.4m / EBITDA -12.3m)
Debt / FCF = -156.3 (out of range, set to none) (Net Debt 370.4m / FCF TTM -2.37m)
Total Stockholder Equity = 670.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -53.91% (Net Income -856.4m / Total Assets 3.07b)
RoE = -47.74% (Net Income TTM -856.4m / Total Stockholder Equity 1.79b)
RoCE = -0.54% (EBIT -12.3m / Capital Employed (Equity 1.79b + L.T.Debt 484.4m))
RoIC = -0.32% (negative operating profit) (NOPAT -9.70m / Invested Capital 3.07b)
WACC = 13.15% (E(2.54b)/V(3.03b) * Re(15.62%) + D(484.4m)/V(3.03b) * Rd(0.27%) * (1-Tc(0.21)))
Discount Rate = 15.62% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 39.77 | Cagr: 473.5%
[DCF] Fair Price = unknown (Cash Flow -2.37m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: N/A | # QB: 0