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Twenty One Capital, Inc. (XXI)

Consumer Defensive | Education & Training Services | Austin, United States | NYSE
6.01 USD -0.31 (-4.905%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 6.12 +0.11 (1.830%) ⇧ (Aug. 28, 2026, 7:53 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:☆☆☆☆☆
Hot Take | Aug. 22, 2026, 2:48 a.m. EDT

The investment case for Twenty One Capital is currently paralyzed by existential uncertainty. While the stock recently rallied 155% year-over-year, this surge was driven entirely by a speculative Bitcoin treasury strategy that has now collapsed under scrutiny, evidenced by the CEO's abrupt resignation and the death of the proposed merger with Strike. Fundamentally, the company is in distress: it burns cash with negative operating flows, carries a debt load nearly five times its equity, and trades at a premium to book value despite having no reliable earnings. The balance sheet is fragile, and the 'value' investors see is likely a value trap given the deteriorating business model. Short-term, the sentiment is overwhelmingly bearish. The options chain reveals a defensive wall of put buying at strikes well below the current price, while the recent news cycle confirms the strategic pivot failed. The statistical forecast offers no help, showing a weak lean upward that contradicts the fundamental reality of a failing strategy. Without a confirmed new business model or a successful acquisition, the risk of permanent capital loss is high. The recent price recovery appears to be a dead cat bounce off the lows rather than a sustainable trend reversal.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.099586
MSTL0.102861
AutoTheta0.150393
AutoARIMA0.203082

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 33%
H-stat 13.67
Ljung-Box p 0.000
Jarque-Bera p 0.302
Excess Kurtosis -0.75
Attribute Value
Sector Consumer Defensive
Debt to Equity Ratio 22.245
Market Cap 3,379,857,152
Beta -1.39
Website https://xxi.money

As of Aug. 22, 2026, 2:48 a.m. EDT: Speculators are heavily positioned for downside protection, with massive open interest in deep out-of-the-money puts (strikes $2.50-$5.00) expiring in late August and September, indicating a fear of a collapse to near-zero prices. Conversely, long-dated calls show significant speculative interest in extreme upside scenarios ($35 strike by 2028), suggesting a binary bet on a potential merger or crypto pivot success rather than organic growth. The imbalance in near-term put volume versus call volume suggests the market is pricing in a high probability of failure or severe devaluation within the next month.


Info Dump

Attribute Value
52 Week Change -0.73524225
Address1 111 Congress Avenue
Address2 Suite 500
All Time High 59.75
All Time Low 4.15
Ask 6.01
Ask Size 700
Average Daily Volume10 Day 1,711,150
Average Daily Volume3 Month 1,529,071
Average Volume 1,529,071
Average Volume10Days 1,711,150
Beta -1.393
Bid 6.0
Bid Size 1,400
Book Value 6.281
City Austin
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 6.01
Current Ratio 71.049
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 6.36
Day Low 5.93
Debt To Equity 22.245
Display Name Twenty One Capital
Earnings Timestamp 1,786,451,400
Earnings Timestamp End 1,793,908,800
Earnings Timestamp Start 1,793,908,800
Ebitda Margins 0.0
Enterprise Value 2,461,695,232
Esg Populated 0
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 5.1842
Fifty Day Average Change 0.8258004
Fifty Day Average Change Percent 0.15929177
Fifty Two Week Change Percent -73.52422
Fifty Two Week High 25.627
Fifty Two Week High Change -19.617
Fifty Two Week High Change Percent -0.7654817
Fifty Two Week Low 4.15
Fifty Two Week Low Change 1.8600001
Fifty Two Week Low Change Percent 0.4481928
Fifty Two Week Range 4.15 - 25.627
Financial Currency USD
First Trade Date Milliseconds 1,723,555,800,000
Float Shares 130,813,573
Full Exchange Name NYSE
Full Time Employees 3
Fullday Change -0.31
Fullday Change Percent -4.90506
Fullday Price 6.12
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.0
Has Pre Post Market Data 1
Held Percent Insiders 0.63053
Held Percent Institutions 0.13007
Implied Shares Outstanding 562,372,222
Industry Education & Training Services
Industry Disp Education & Training Services
Industry Key education-training-services
Is Earnings Date Estimate 1
Language en-US
Last Fiscal Year End 1,767,139,200
Long Business Summary Twenty One Capital, Inc. engages in the Bitcoin-related business. The company is involved in actively accumulating Bitcoin; and managing its Bitcoin holdings. It also develops educational materials and branded content for institutional and retail investor Bitcoin literacy. Twenty One Capital, Inc. is based in Austin, Texas.
Long Name Twenty One Capital, Inc.
Market us_market
Market Cap 3,379,857,152
Market State CLOSED
Max Age 86,400
Message Board Id finmb_1940625731
Most Recent Quarter 1,782,777,600
Net Income To Common -1,533,630,976
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 3,554,192,442
Open 6.2
Operating Cashflow -14,414,454
Operating Margins 0.0
Phone 206 552 9859
Post Market Change 0.10999966
Post Market Change Percent 1.8302771
Post Market Price 6.12
Post Market Time 1,787,961,183
Previous Close 6.32
Price Hint 2
Price To Book 0.95685405
Profit Margins 0.0
Quick Ratio 67.236
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.31
Regular Market Change Percent -4.90506
Regular Market Day High 6.36
Regular Market Day Low 5.93
Regular Market Day Range 5.93 - 6.36
Regular Market Open 6.2
Regular Market Previous Close 6.32
Regular Market Price 6.01
Regular Market Time 1,787,947,202
Regular Market Volume 1,120,727
Sand P52 Week Change 0.20204377
Sector Consumer Defensive
Sector Disp Consumer Defensive
Sector Key consumer-defensive
Shares Outstanding 346,636,211
Shares Percent Shares Out 0.0105
Shares Short 5,881,799
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 4,661,388
Short Name Twenty One Capital, Inc.
Short Percent Of Float 0.1457
Short Ratio 3.59
Source Interval 15
State TX
Symbol XXI
Total Cash 106,132,080
Total Cash Per Share 0.306
Total Debt 484,543,712
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 7.66055
Two Hundred Day Average Change -1.6505499
Two Hundred Day Average Change Percent -0.21546102
Type Disp Equity
Volume 1,120,727
Website https://xxi.money
Zip 78,701