Twenty One Capital Sees Modest Rebound Under New CEO Zagury's Strategy

Twenty One Capital's stock price rose by 6.89% to $4.66 on Friday, marking a modest rebound for the company.

The increase comes after the Tether-backed bitcoin treasury firm has shown signs of stabilization under new CEO Raphael Zagury's strategy, which aims to generate cash flow through bitcoin mining and invest in other operating businesses.

Zagury has outlined plans to use disciplined capital allocation, diversification, and risk management to achieve better returns than simply holding bitcoin alone. The company currently holds approximately 43,514 bitcoins valued at around $2.8 billion as of early August.