Twenty One Capital
XXI on NYSE. Twenty One Capital sells Bitcoin exposure to investors through its shares. Market value $365m.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
Nothing stands out yet.
See Financial services stocks that passed both tests
This is not advice. Check the numbers below.
We don't have this figure for this company.
We don't have this figure for this company.
We don't have this figure for this company.
Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.
$6.53 a share, 57% above its 1-year low
Over the past year the price has ranged from $4.15 to $25.00.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
Five-year fundamentals are not available yet.
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsUnknown
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 31 March 2026
- Next quarterly (estimated, 10-Q)
- 10 November 2026
Who owns it
None of the long-term investors we follow own it. 68 funds in all.
Largest holders overall
- Morgan Stanley$61mAdded
- Cantor Fitzgerald, L. P.$43mAdded
- BlackRock$31mAdded
- Geode Capital Management$26m
- Vanguard Capital Management$20mAdded
- Charles Schwab Investment Management$13m
- State Street$13mAdded
- Vanguard Fiduciary Trust$9mAdded
- Anson Funds Management LP$6mCut
- UBS Group AG$4mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
No one has reported a stake above 5% since December 2024.
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought or sold on the open market in the last 12 months.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.