Twenty One Capital CEO Outlines Five Strategic Plans for Bitcoin-Native Operations

ME News reports that on August 11 (UTC+8), Raphael Zagury, CEO of Twenty One Capital (NYSE: XXI), stated in his latest shareholder letter that the company will transition from a single Bitcoin treasury to a Bitcoin-native operating company. Zagury noted that the company holds a Bitcoin reserve among the largest held by any public company, yet its current stock price trades at a significant discount to the value of its Bitcoin holdings, representing a capital misallocation. He outlined five key priorities: enhancing corporate governance and internal controls while bringing on key executives; acquiring and operating cash-generating businesses following the “Berkshire Hathaway model”; developing capital market tools and financing capabilities based on Bitcoin; consolidating assets and teams through mergers and acquisitions during the industry’s reset phase; and exploring Bitcoin-backed lending and credit services, with potential future management of third-party funds. He also emphasized maintaining a strictly transparent framework for related-party transactions with controlling shareholder Tether, and plans to regularly support open-source Bitcoin software and infrastructure development. Twenty One Capital (NYSE: XXI) reported a net loss of $413.5 million for Q2, primarily due to a decline in the value of its Bitcoin holdings by approximately $401.5 million. (Source: PANews)