Twenty One Capital Becomes Second-Largest Publicly Traded Bitcoin Holder
- Twenty One Capital holds 43,514 BTC, valued at over $2.9 billion.
- The company surpassed miner MARA, which sold off a portion of its holdings.
- MARA sold approximately 15,133 BTC for around $1.1 billion in March.
- Metaplanet is now the third-largest holder with about 35,100 BTC.
- Twenty One Capital trades under the ticker XXI and has seen a decline of over 25% year to date.
The shift in Bitcoin treasury rankings highlights challenges faced by companies in the current market environment, particularly as MARA’s aggressive borrowing strategy leads to losses from forced sales of BTC to meet debt obligations.
With Twenty One Capital’s substantial holdings and MARA’s recent sell-off, the landscape for publicly traded Bitcoin treasuries is evolving rapidly amid ongoing market pressures. (Source)
