Dilution: new shares, stock pay and buybacks
Shares offered
Since Nov 12, 2023: 3 registrations of shares for a merger, units or notes; also 2 resales by holders, 4 updates to earlier prospectuses.
- Apr 7, 2026 Up to 33.5M shares for a merger, units or notes 424B3
- Feb 12, 2026 Up to 33.5M shares for a merger, units or notes 424B3
- Nov 6, 2025 Up to 315.1M shares for a merger, units or notes 424B3
Every offering filing →“On April 22, 2025, CEP, Twenty One Capital, Twenty One Merger Sub D, a Cayman Islands exempted company and wholly owned subsidiary of Twenty One Capital (“CEP Merger Sub”), Twenty One Assets, LLC, a Delaware limited liability company (“Twenty One”), Tether Investments, S.A. de C.V., an El Salvador sociedad anónima de capital variable (“Tether”), iFinex, Inc., a British Virgin Islands company (“Bitfinex” and, …”
424B3, Apr 7, 2026 ↗
Paid in stock and bought back
No stock pay or buyback lines in the 10-K XBRL.
Where the cash came from and where it went
No cash flow chart for banks and insurers: their operating cash flow moves with loans, deposits and trading, so it says little about how cash was spent.
Buybacks, dividends and share count
No buyback or share count data in the 10-K XBRL.