$BTC - Tether-backed firm's first profitable quarter comes entirely from unrealized BTC appreciation.
Twenty One Capital reported 1.087 billion USDT net income for Q3.
Unrealized bitcoin holdings gains drove the entire result.
Shares declined despite the billion-dollar quarter.
The profit is paper-only until positions are sold; no cash flow impact disclosed.
#Bitcoin #BTC
Twenty One Capital reported 1.087 billion USDT net income for Q3.
Unrealized bitcoin holdings gains drove the entire result.
Shares declined despite the billion-dollar quarter.
The profit is paper-only until positions are sold; no cash flow impact disclosed.
#Bitcoin #BTC