Can someone explain the discrepancy between the market capitalization of XXI (formerly CEP) (USD 143 million) and the value of its Bitcoin holdings (USD 4 trillion)? Thank you.
Cantor’s Brandon Lutnick on Jack Mallers’ $XXI: “Twenty One Capital is at the core of Cantor… we believed in this space when no one else did.”
Shared via https://pullthatupjamie.ai
Discussion
Billion?
Dont those shareholders only own like 2.7% of total company of those bitcoin holdings? Maybe that varies dependant on a variety of factors and thats why we get buncha zeroes and shit for transparency from them on these facts. In the end i think its a higher mnav then other treasuries incentivizing dumps atm of the stock to get more bitcoin. Maybe im wrong?
I mean 4 Billion 😀