Twenty One Capital holds approximately 43,000 Bitcoin but its stock trades at roughly a 30% discount to its net asset value. CEO Rapha Zagury aims to build the « Berkshire Hathaway of Bitcoin » by leveraging five strategic pillars and Tether’s permanent backing. The company is considering share buybacks to narrow the discount and may issue preferred stock similar to Strategy. Twenty One Capital is also developing a Bitcoin capital markets platform and an energy trading arm, while positioning Bitcoin as the optimal collateral for lending.
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