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Twenty One Capital Slumps $413M on Bitcoin Price Drop

Guavy AI Editorial Team
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BTC
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Twenty One Capital, a Bitcoin-focused company backed by Tether, reported a $413.5 million net loss for Q2 2026 due to a decline in Bitcoin's value.

The decline of $401.5 million in the value of its Bitcoin holdings accounted for about 97% of the total second-quarter loss.

New CEO Raphael Zagury has emphasized that Twenty One cannot rely solely on holding Bitcoin and must develop businesses capable of producing cash flow, with plans to acquire operating companies and offer loans secured by Bitcoin.

Tether acquired SoftBank's full interest in the company in May, increasing its influence over the listed company.

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