Tether-Backed Twenty One Capital Suffers Massive Q2 Loss

Twenty One Capital, backed by Tether, reported a massive $413.5 million net loss for Q2 2026 due to the decline in Bitcoin's value.

The company's financial report revealed that a $401.5 million fair-value reduction accounted for most of the loss, with other costs totaling around $12 million.

This marks a significant increase from the previous quarter, where Twenty One Capital reported a net loss of $859.7 million due to an $847.8 million reduction in its Bitcoin reserve.

The company's total net losses for the first half-year period reached approximately $1.27 billion, with nearly $1.25 billion attributed to decreased Bitcoin values.