Twenty One Capital Stock Jumps as Bitcoin Treasury Firm Prepares to Speak
The stock price of Twenty One Capital, listed on the New York Stock Exchange as XXI, increased by 4.89% to $6.97 on Monday, despite a broader market decline.
This marks a significant recovery for the company, which had fallen to $4.58 in August and is now about 52% higher.
The price of Bitcoin has also rebounded, trading near $63,555 in August and around $84,800 over the weekend.
Twenty One Capital holds 43,514 Bitcoins, which would be worth roughly $3.7 billion at current prices, making it one of the largest Bitcoin balance sheets in the public markets.