Twenty One Capital, Inc. (XXI)
Financials · Diversified Financials / Digital Asset Strategy · NYSE
A Bitcoin-focused financial company that holds Bitcoin as its primary treasury reserve asset and aims to develop a suite of financial services built upon the Bitcoin network.
What Twenty One Capital, Inc. does
Twenty One Capital is a financial holding company focused on accumulating Bitcoin and developing corporate architecture and financial services built on top of the Bitcoin network. The company's strategy involves replacing legacy financial tools with Bitcoin-aligned alternatives, aiming to provide shareholders with direct exposure to Bitcoin in the capital markets.
Themes: Bitcoin treasury strategy, digital assets, financial services infrastructure
Fundamentals
- Price$5.58 as of 2026-10-20 close
- Market cap$3.1B as of 2026-08-10 (share count; price 2026-10-20)
- P/En/a earnings data not available
- ROICn/a No figure: its 10-K tags no operating income.
- Debt / equityn/a No figure: its filing tags none of the debt lines we read, which is not evidence of zero debt.
- Beta2.64 as of 2026-09-02
- Last reported earningsn/a no earnings announcement (Form 8-K, Item 2.02) has been filed in our data yet
Quarterly results
Balance sheet at 2026-06-30
- Cash and equivalents$106M includes restricted cash (the filer tags no unrestricted total)
- Total debtnot shown the filing tags none of the debt lines we read — not evidence of zero debt
From the company's own SEC 10-Q and 10-K filings (XBRL), re-read every week. Figures in US dollars as filed; informational only — not financial advice.
How Twenty One Capital, Inc. looks technically
Twenty One Capital, Inc. (XXI) is trading 16.7% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average has held below its 200-day average for at least 8 trading days — a long-sustained "death cross", a bearish long-term signal. A trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 20 (a reading of 25+ marks a strong trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 39, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 2 trading days ago.
Trend
8
| Distance from the 200-day | it is trading 16.7% below its 200-day average, the long-term trend line — a long-term downtrend | -16.7% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $5.98 | $5.98 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $6.70 | $6.70 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing high 18 calendar days ago — the swings before that are what the structure reading is measured on | 18 sessions |
| Wave structure | its recent swings can be read as a completed three-part upward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes above 7.13. It is the only labelling that fits, and it describes the swings already printed, not what comes next. | possible three-wave upward correction, complete |
| Since the 50/200 cross | its 50-day average has held below its 200-day average for at least 8 trading days — a long-sustained "death cross", a bearish long-term signal | at least 8 sessions |
| Trend strength (14-day ADX) | a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 20 (a reading of 25+ marks a strong trend) | 20.2 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 39, neither overbought (above 70) nor oversold (below 30) | 39.1 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($5.44 to $7.13) — its "stochastic" reading is 8 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 8.3 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 11 sessions |
Range
7
| Since a 20-day breakout | it made a new 20-day low about 2 trading days ago | 2 sessions |
|---|---|---|
| Since a 55-day breakout | it made a new 55-day high about 21 trading days ago | 21 sessions |
| All-time high | its highest closing price on record is $12.51 (set on 2025-12-10) | $12.51 |
| Given back of the 52-week move | not available for this company yet | n/a |
| Nearest price level | not enough price history yet — needs 252 trading sessions | n/a |
| All-time low | its lowest closing price on record is $4.15 (set on 2026-07-31) | $4.15 |
| Above the all-time low | it is 34.5% above its all-time low | +34.5% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are narrower than usual versus its own recent 6-month history (tighter than about 72% of it) | 28th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.3869 between its high and its low — about 6.9% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.3869 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $5.56 and $7.11 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $5.56 – $6.34 – $7.11 |
| Typical daily range (% of price) | its price moves about 6.9% in a typical session — more volatile than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 6.9% |
| Stretch from the 200-day average | it is trading 2.9 daily ranges below its 200-day average price (16.7% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 2.9 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.84× |
|---|
Candlestick patterns
1
| Since a bullish engulfing | 5 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 5 sessions ago |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-10-20 0.9% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -0.9% |
|---|---|---|
| Open gap | it gapped 3.2% below the previous close 9 sessions ago and has not traded back through the level it left behind at 6.53 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -3.2% |
| Gap filled | a 2.3% gap down opened on 2026-10-15 has been "filled" 3 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 3 sessions ago |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 4.9 percentage points (the stock lost 4.0% while the market gained 1.0%) | -4.9% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 1.3 percentage points (the stock gained 4.9% while the market gained 3.6%) | +1.3% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 38.1 percentage points (the stock lost 29.5% while the market gained 8.5%) | -38.1% |
| vs market, 12 months | not available for this company yet | n/a |
Signal agreement
2
| Bullish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bullish state: near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 1 of 9 |
|---|---|---|
| Bearish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a fresh 20-day low, MACD momentum is negative, lagging the market over 6 months — these describe past price behaviour, not a forecast | 5 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading inside the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-14 and projected forward over today's price, the zone traders read as unresolved — neither side has established a trend, and the band is where that gets settled. The band itself is moderate, spanning 5.7% of the share price. | 0.0% |
|---|
Volume-weighted price
1
| Vs this year’s average price paid | the price is 14% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $6.48 — a volume-weighted average of daily closes over 191 sessions, not a true tick-by-tick VWAP. | -13.9% |
|---|
Rising wedge, bearish — broke down · entry $6.04 · 75 sessions in
Wave structure
Its recent swings can be read as a three-part upward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $7.13.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
This reading has stood for 8 trading days, since 2026-10-09.
Read from daily closes as of 2026-10-20.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Trading below the 50-day moving average · Broke down to a new 20-day low · Most volatile (6%+ typical daily range) · At the bottom of its 14-day range (stochastic below 20) · Trading inside the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · breakout
Based on daily closing prices as of 2026-10-20. Describes past price behavior only — informational, not financial advice.
Key risks (from latest filing)
["Significant price volatility and market risk associated with Bitcoin holdings.","Concentration risk in a single digital asset and reliance on the growth of the Bitcoin ecosystem.","Potential failure of the business strategy to successfully develop and monetize high-margin Bitcoin-based financial products."]
What changed in the latest 10-Q
AI-assisted comparison of XXI's 10-Q filed 2026-05-13 against the prior one filed 2025-12-19.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-05-13) adds statement that Form 10-Q should be read with Annual Report on Form 10-K for year ended December 31, 2025 filed March 31, 2026
- Newer filing adds disclosure about April 29, 2026 announcement by CEO regarding operating strategy centered on potential transactions/acquisitions involving Strike and Elektron, with disclaimer about no binding commitments and Board approval
- Newer filing adds risk factor cross-reference regarding potential acquisition of Strike and Elektron
- Newer filing adds statement that transactions will be evaluated under Texas Business Organizations Code and related person transaction policy
- Newer filing adds detailed section on Emerging Growth Company Status, including discussion of JOBS Act exemptions, Section 404 auditor attestation, executive compensation disclosure, and extended transition period for accounting standards
- Newer filing adds threshold criteria for ceasing emerging growth company status: $1.235 billion in annual gross revenue, $700 million market value test, $1.00 billion in non-convertible debt issuance
- Removed:
- Older filing (2025-12-19) contains Explanatory Note describing December 8, 2025 business combination completion between Twenty One Assets LLC and Cantor Equity Partners, Inc., reverse recapitalization accounting treatment, and reference to CEP Form 10-Q filing on November 14, 2025 - not present in newer filing
- Older filing contains Business Combination with CEP section detailing April 22, 2025 Business Combination Agreement, merger structure, Closing on December 8, 2025, share issuance terms, and Contribution Agreement with Tether and Bitfinex for Bitcoin contributions - not present in newer filing
- Older filing describes Amendment No. 1 to Business Combination Agreement dated July 26, 2025 regarding Additional PIPE Bitcoin Purchase Price calculation - not present in newer filing
- Older filing contains Principal Factors Affecting Results of Operations section discussing Bitcoin valuation volatility, demand conditions, business line execution, regulatory developments, and marketing effectiveness - truncated/not present in newer filing MD&A excerpt
- Reworded:
- Company name reference changed from 'Twenty One' to 'Twenty One Capital' in Overview section
- Newer filing states references to company are intended to refer to '(i) following the Business Combination, the business and operations of Twenty One Capital, Inc and its consolidated subsidiary (ii) prior to the Business Combination, operations of Twenty One Assets, LLC and Twenty One Capital, Inc combined' versus older filing stating 'references to "we", "us", "our" or "Twenty One", refers to the combined entities of Twenty-One Assets, Pubco and CEP'
- Newer filing describes company as 'recently formed' versus older filing's 'newly formed'
- Newer filing uses phrase 'consolidated financial services' versus older filing's 'Bitcoin-centric financial services'
- Newer filing states preparation for financial services 'is expected to begin shortly' while older filing uses identical phrasing but in different context
- Notes:
- Older filing MD&A excerpt is truncated at end of 'Regulation' bullet point, limiting comparison of full Principal Factors section
- Newer filing MD&A excerpt is truncated at end of Emerging Growth Company Status section regarding non-convertible debt threshold, limiting full comparison
- Structural reorganization of content between filings makes some comparisons reflect substantive business developments (Business Combination closing between December 8, 2025 and May 13, 2026 filing) rather than disclosure changes
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for XXI — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
4 institutional 13F filers reported holding XXI as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 4
- Reported shares held 9,750,060
- Reported value $48,262,797
reported quarterly holdings change (2026-03-31 → 2026-06-30): 1 new, 3 increased, 0 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about XXI's institutional holders → See what each manager we track holds →
Short interest (FINRA)
XXI had 6,896,841 shares of reported short interest as of the 2026-09-30 FINRA settlement date (delayed, bi-monthly; not real-time).
Short interest as a percent of shares outstanding is not shown for XXI because we do not hold a verified share count to divide it by. The reported figures above are unaffected.
- Reported short interest (shares) 6,896,841
- Prior settlement (shares) 6,215,844
- Reported change 10.96%
- Days to cover (reported) 1.91
Reported to FINRA as of the 2026-09-30 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- MicroStrategy (MSTR)
- Marathon Digital Holdings (MARA)
- Riot Platforms (RIOT)
- Coinbase Global (COIN)
- Galaxy Digital Holdings (GLXY)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does Twenty One Capital, Inc. (XXI) do?
Twenty One Capital is a financial holding company focused on accumulating Bitcoin and developing corporate architecture and financial services built on top of the Bitcoin network. The company's strategy involves replacing legacy financial tools with Bitcoin-aligned alternatives, aiming to provide shareholders with direct exposure to Bitcoin in the capital markets.
What sector is Twenty One Capital, Inc. (XXI) in?
Twenty One Capital, Inc. (XXI) is classified in the Financials sector. Its industry is Diversified Financials / Digital Asset Strategy. It trades on NYSE.
Who are Twenty One Capital, Inc.'s (XXI) competitors?
Notable peers of Twenty One Capital, Inc. (XXI) include MicroStrategy, Marathon Digital Holdings, Riot Platforms, Coinbase Global and Galaxy Digital Holdings. This peer set is informational only — not financial advice.
Is Twenty One Capital, Inc. (XXI) overbought or oversold right now?
Twenty One Capital, Inc. (XXI) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 39, in the neutral middle (as of 2026-10-20). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on XXI come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest; prices are market data, as of 2026-09-02; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-20.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.