Twenty One Capital currently holds approximately 43,000 BTC in its treasury. The company's shares are currently trading at a discount, a situation that CEO Rapha Zagury is actively addressing through his management strategy.
Zagury discussed the company's financial metrics, specifically addressing the calculation of mNAV and the potential implementation of share buybacks. He noted that he views standard operating company metrics as insufficient for evaluating the firm's specific model.
A core component of the company's strategy involves support from Tether, which Zagury identifies as a source of permanent capital. This backing provides the firm with a distinct competitive advantage compared to other corporate entities holding Bitcoin treasuries.
The firm is also expanding its operational scope by developing a dedicated capital markets division and an energy trading arm. These initiatives are part of a broader plan to build a diversified financial institution centered on Bitcoin assets.
