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Twenty One Capital (XXI) (XXI) Bitcoin Treasury Dashboard

Track XXI BTC holdings, mNAV, volume, volatility, price, and treasury analytics.

Twenty One Capital (XXI) logo
Twenty One Capital (XXI) (XXI)
🇺🇸
#3
BitcoinQuant
BTC Price
Current price of Bitcoin
$68,023
XXI BTC Holdings
Bitcoins held on balance sheet
₿43,514.118
XXI mNAV (EV)
Enterprise Value ÷ BTC NAV; premium (>1) or discount (<1)
0.73x
XXI Stock Price
Latest stock price (in USD)
$6.20
XXI % from 52W High
Current price gap from 52-week high
-90%
XXI Enterprise Value
MCap + Debt + Pref - Cash
$2.1B
XXI Market Cap
Equity market value
$2.1B
XXI BTC NAV
Current value of BTC = holdings × BTC price
$3.0B
XXI MCAP as % of BTC
Market capitalization as a percentage of Bitcoin holdings value
73%
XXI BTC Supply %
Company BTC holdings as % of total 21M Bitcoin supply
0.207%
XXI mNAV (MCap)
Market Cap ÷ BTC NAV; premium (>1) or discount (<1)
0.73x
XXI 1W Return
Feb 19, 2026 ($6.27) → Feb 26, 2026 ($6.20)
-1.12%
XXI 1M Return
Jan 26, 2026 ($8.15) → Feb 26, 2026 ($6.20)
-23.93%
XXI 3M Return
Nov 26, 2025 ($14.15) → Feb 26, 2026 ($6.20)
-56.18%
XXI YTD Return
Dec 31, 2025 ($8.76) → Feb 26, 2026 ($6.20)
-29.22%
XXI 1Y Return
Feb 26, 2025 ($10.31) → Feb 26, 2026 ($6.20)
-39.86%
XXI 1Y vs BTC
Stock 1Y return minus BTC 1Y return (percentage points)
-19.61 p.p.
XXI 52W High
Highest price in the last 52 weeks (in USD)
$59.75
XXI Basic Shares
Estimated basic shares outstanding
346,550,000
XXI Shares per BTC held
How many shares you need to get exposure to 1 full Bitcoin through the stock
—
XXI Trading Volume ($)
Most recent day's trading volume (VWAP × Volume)
$3.33M
XXI Avg 30D Volume
Average daily trading volume over the last 30 calendar days (VWAP × Volume)
$6.37M
XXI Debt
Total outstanding debt (Latest reported Yahoo Finance value)
—
XXI Debt/BTC NAV
Debt as a % of BTC NAV
—
XXI BTC Rating
BTC NAV ÷ Total Debt
—
XXI Cash
Total cash and cash equivalents
$NaNT
XXI Hist Volatility (30D)
Annualized standard deviation of the daily natural log return measured over the last 30 trading days
81.0%
XXI Hist Volatility (1Y)
Annualized standard deviation of the daily natural log return measured over the last calendar year
122.2%
XXI Implied Volatility
Open interest-weighted implied volatility from options market across all expirations
—
XXI Open Interest
Outstanding open interest contracts × 100 shares × live share price
—
XXI Put Open Interest
Outstanding put open interest contracts × 100 shares × live share price
—
XXI Call Open Interest
Outstanding call open interest contracts × 100 shares × live share price
—
XXI Put to Call
Ratio of put open interest to call open interest (put OI ÷ call OI). < 1.0 = more calls (bullish), > 1.0 = more puts (bearish)
—
XXI Duration (Days)
Open Interest-weighted average of days to expiration for options on this asset. Higher values indicate longer-term options activity.
—
XXI Short Interest (% Float)
% of tradable shares sold short
—
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Twenty One Capital Bitcoin Purchases

About Twenty One Capital (XXI)'s Bitcoin Treasury Strategy

Twenty One Capital (XXI) (XXI) ranks #3 globally among Bitcoin treasury companies, with 43,514.118 Bitcoin in its corporate treasury worth approximately $2.96B at current prices. This represents 0.207% of the total 21 million Bitcoin that will ever exist.

Trading at a stock price of $6.20 per share with a market capitalization of $2.15B, Twenty One Capital (XXI)'s stock currently trades at an mNAV (enterprise value to Bitcoin NAV multiple) of 0.73x. Bitcoin holdings represent 138% of the company's market cap, underscoring Bitcoin's central role in Twenty One Capital (XXI)'s balance sheet strategy.

The most recent purchase was 170.955 BTC on July 30, 2025.

Recent stock performance shows -1.12% over the past week, -23.93% over the past month, -29.22% year-to-date, and -39.86% over the past year. Twenty One Capital (XXI) currently trades -89.62% from its 52-week high. The stock averages $6.37M in daily trading volume over the past 30 days, with 30-day volatility at 81.0%.

Twenty One Capital (XXI)'s Bitcoin treasury strategy is led by Jack Mallers (CEO).

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Bitcoin Preferred Equity

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XXI (XXI) Bitcoin Treasury Detailed Analysis

Bitcoin Exposure & Holdings

XXI (XXI) currently holds 43,514 Bitcoin in its corporate treasury. This represents 0.207% of the total 21 million Bitcoin that will ever exist.

At a current Bitcoin price of $67,826.00, XXI's Bitcoin holdings are worth approximately $2.95 billion, which represents the company's Bitcoin NAV (Net Asset Value).

XXI's total cost basis for its Bitcoin holdings is $0.00, putting the company at a N/A unrealized loss on its Bitcoin position.

XXI held 0 Bitcoin on January 1st, 2024. Since then, XXI has been acquiring an average of 0.00 BTC per day, representing N/A growth in Bitcoin holdings since then.

Valuation Metrics & Market Capitalization

XXI (XXI) stock price currently trades at $6.20 per share.

With a market capitalization of $2.15 billion, XXI ranks as a leading Bitcoin treasury company by equity market value.

On an Enterprise Value basis, XXI's mNAV is 0.73x, meaning the market values the company's total capital structure at 0.73x times its underlying Bitcoin holdings.

On a Market Cap basis, XXI's mNAV is 0.73x relative to Bitcoin NAV.

Bitcoin holdings represent 137.4% of XXI's total market capitalization, underscoring Bitcoin's central role in the company's balance sheet strategy.

XXI's Enterprise Value is $2.15 billion, calculated as Market Cap plus Debt plus Preferred Stock minus Cash.

Financial Health & Balance Sheet

Trading Volume & Risk Metrics

In the most recent trading session, XXI recorded $3.33 million in dollar volume.

Over the past 30 days, XXI has averaged $6.37 million in daily trading volume.

XXI's 30-day historical volatility is 81.0%.

Over the past calendar year, XXI's historical volatility is 122.2%.

XXI's 90-day correlation with IBIT (iShares Bitcoin Trust ETF) is 53.0%, measuring how closely the stock tracks spot Bitcoin exposure.

XXI currently trades -89.62% from its 52-week high.

Options Market & Trading Activity

Implied volatility from the options market for XXI is 0.0%.

Total open interest for XXI options is $40.30 million. Put open interest totals $7.63 million and call open interest totals $32.66 million.

The put-to-call ratio for XXI is 0.23x.

Weighted by open interest, the average duration for XXI options is 275.0 days to expiration.

Bitcoin Strategy Leadership

XXI's Bitcoin treasury strategy is led by Jack Mallers (CEO).

Recent Bitcoin Purchases

The most recent Bitcoin purchase by XXI was on July 30, 2025, acquiring 171 Bitcoin.

Previous purchases by XXI include: 4,732 BTC on July 29, 2025, 0 BTC on July 9, 2025, 1,381 BTC on July 8, 2025, 0 BTC on July 3, 2025.

XXI Bitcoin Treasury Data & Analysis on BitcoinQuant

The interactive XXI Bitcoin treasury chart above provides a comprehensive visualization of the company's Bitcoin treasury performance over time, allowing investors to track BTC holdings, acquisition rates, and valuation metrics.

All of the data on this page — including XXI's Bitcoin NAV, mNAV, BTC Rating, cost basis, and options activity — is calculated in real time and updated continuously on BitcoinQuant. By analyzing these treasury metrics alongside historical acquisition data and market performance, investors can gain insights into XXI's Bitcoin accumulation strategy and compare it against other Bitcoin treasury companies tracked across the BitcoinQuant platform.

BitcoinQuant tracks the full universe of public companies holding Bitcoin, providing real-time analytics on holdings, valuations, financial health, trading activity, and risk metrics across every Bitcoin treasury stock in the market.

Data as of: 02/27/2026, 12:09 AM ET

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