Twenty One holds more than 43,500 bitcoin and is focused on building a Bitcoin-native public company around a clear operating strategy: bringing together Bitcoin treasury, financial services, mining, and capital markets into a single platform designed for recurring revenue and long- term bitcoin accumulation.
XXI is listed as crypto treasury (BTC). Below, what its 8-Ks and press releases say it holds, bought and sold, quoted, and what its 10-Qs and 10-Ks report at each quarter end. Coins per 1,000 shares: coins divided by the shares outstanding on the cover of the same filing.
Quarter by quarter
| Quarter end | Coins | change | Shares out | change | Coins per 1,000 shares | change | Fair value | Cost | Filing |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | - | - | - | - | - | - | $2.6B | $3.7B | 10-Q 2026-08-11 |
| 2026-03-31 | - | - | - | - | - | - | $3.0B | $3.7B | 10-Q 2026-05-13 |
| 2025-12-31 | 43,515 | +314.4% | - | - | - | - | $3.8B | $3.7B | 10-K 2026-03-31 |
| 2025-09-30 | 10,500 | - | - | - | - | - | - | - | 10-Q 2025-12-19 |
Source: us-gaap CryptoAssetFairValue, CryptoAssetCost and CryptoAssetNumberOfUnits; dei EntityCommonStockSharesOutstanding. A tagged coin count is left out when it can't be right: fair value divided by it gives a price the coin never had, it goes with a total smaller than the current and noncurrent parts added up, or an 8-K within three weeks says something more than 50% different. The 8-K amount stands in for it then.
What the 8-Ks say
Pursuant to the Business Combination Agreement, (i) Tether purchased 4,812.220927 Bitcoin (the “Initial PIPE Bitcoin”) for an aggregate purchase price of $458.7 million (the “Initial PIPE Net Proceeds”), being equal to the aggregate gross cash proceeds of the Initial Convertible Notes PIPE and the April Equity PIPE les…
…llion, and, at Closing, Tether sold the Initial PIPE Bitcoin to Pubco for an amount equal to the Initial PIPE Net Proceeds, and (ii) Tether has purchased 917.47360612 Bitcoin (the “Option PIPE Bitcoin”) for an aggregate purchase price of $99.5 million (the “Option PIPE Net Proceeds”), being equal to the gross proceeds …
… purposes, CEP, entered into a sale and purchase agreement (the “June PIPE Bitcoin Sale and Purchase Agreement”), pursuant to which Tether has purchased 1,381.15799423 Bitcoin (the “June PIPE Bitcoin” and together with the Initial PIPE Bitcoin and the Option PIPE Bitcoin, the “PIPE Bitcoin”) for an aggregate purchase p…
Tether has purchased 4,422.688667 Bitcoin as the Additional PIPE Bitcoin and immediately prior to Closing, Tether contributed such amount of Bitcoin to Pubco at Closing (such contribution, the “Additional PIPE Bitcoin Sale”) in exchange for 37,532,514 shares of Pubco Class A Stock and 37,532,514 shares of Pubco Class B…
12 Reflects the purchase of 917.4736061 Bitcoin at an aggregate purchase price of $99.5 million.
Reflects the sale of 4,900.598072 Bitcoin from Tether to Pubco for a purchase price of $466.2 million.
Reflects the sale of 1,381.157994 Bitcoin from Tether to Pubco for a purchase price of $147.5 million.
Twenty One holds over 43,500 Bitcoin, making it the world’s third largest public corporate holder of Bitcoin.
Work on XXI in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/XXI/export.csv") into a cell.