Twenty One Capital, Inc. (XXI) - Net Assets
Based on the latest financial reports, Twenty One Capital, Inc. (XXI) has net assets worth $-1.70 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($107.11 Million) and total liabilities ($108.82 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See Twenty One Capital, Inc. (XXI) net asset quality to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-1.70 Million |
| % of Total Assets | -1.59% |
| Annual Growth Rate | 14694.85% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1981.26 |
Twenty One Capital, Inc. - Net Assets Trend (2021–2025)
This chart illustrates how Twenty One Capital, Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore Twenty One Capital, Inc. (XXI) equity growth momentum to track the company's year-over-year net asset growth rate.
Annual Net Assets for Twenty One Capital, Inc. (2021–2025)
The table below shows the annual net assets of Twenty One Capital, Inc. from 2021 to 2025. For live market cap and overall valuation, see Twenty One Capital, Inc. market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.44 Billion | +3275.05% |
| 2024-12-31 | $101.93 Million | +241646420.53% |
| 2022-12-31 | $-42.18 | -687.47% |
| 2021-12-31 | $7.18 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Twenty One Capital, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 26345073000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $3.70 Billion | 107.66% |
| Total Equity | $3.44 Billion | 100.00% |
Twenty One Capital, Inc. Competitors by Market Cap
The table below lists competitors of Twenty One Capital, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ODFJELL DRILL.LTD. DL-01
F:OD3
|
$2.18 Billion |
|
XiaMen HongXin Electron-tech Co Ltd
SHE:300657
|
$2.18 Billion |
|
Sumec Corp Ltd
SHG:600710
|
$2.18 Billion |
|
Beijing Worldia Diamond Tools Co Ltd
SHG:688028
|
$2.18 Billion |
|
Sino-Platinum Metals Co Ltd
SHG:600459
|
$2.18 Billion |
|
Shanghai Beite Technology Co
SHG:603009
|
$2.18 Billion |
|
Sichuan Shuangma Cement Co Ltd
SHE:000935
|
$2.18 Billion |
|
WaFd, Inc.
NASDAQ:WAFD
|
$2.18 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Twenty One Capital, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 101,926,418 to 3,440,068,271, a change of 3,338,141,853 (3275.1%).
- Other comprehensive income decreased equity by 94,636.
- Other factors increased equity by 3,338,236,489.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $0.00 | -0.0% |
| Other Comprehensive Income | $-94.64K | -0.0% |
| Other Changes | $3.34 Billion | +97.04% |
| Total Change | $- | 3275.05% |
Book Value vs Market Value Analysis
This analysis compares Twenty One Capital, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.63x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 44828312.41x to 0.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $0.00 | $6.29 | x |
| 2022-12-31 | $0.00 | $6.29 | x |
| 2023-12-31 | $-0.02 | $6.29 | x |
| 2024-12-31 | $7.96 | $6.29 | x |
| 2025-12-31 | $9.93 | $6.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Twenty One Capital, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.00x
- Recent ROE (1.51%) is above the historical average (-62154.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -248619.25% | 0.00% | 0.00x | 32.57x | $-17.83K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-6.64K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-223.36K |
| 2024 | 1.51% | 0.00% | 0.00x | 1.00x | $-8.65 Million |
Industry Comparison
This section compares Twenty One Capital, Inc.'s net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $156,337,825
- Average return on equity (ROE) among peers: 10.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Twenty One Capital, Inc. (XXI) | $-1.70 Million | -248619.25% | N/A | $2.18 Billion |
| Artius II Acquisition Inc. (AACB) | $214.29 Million | 0.06% | 0.07x | $234.83 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $269.37 Million |
| Armada Acquisition Corp. II Class A Ordinary Shares (AACI) | $-27.95K | 0.00% | 0.00x | $257.01 Million |
| Abony Acquisition Corp. I Class A Ordinary Share (AACO) | $-74.71 | 0.00% | 0.00x | $236.48 Million |
| Apogee Acquisition Corp Class A Ordinary Shares (AACP) | $-13.88 | 0.00% | 0.00x | $178.44 Million |
| Ares Acquisition Corporation II (AACT) | $528.66 Million | 4.92% | 0.04x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $263.70 Million | 43.84% | 5.36x | $409.92K |
| Altenergy Acquisition Corp (AEAE) | $4.84 Million | 51.14% | 2.71x | $72.22 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $238.34 Million |
| American Exceptionalism Acquisition Corp. A (AEXA) | $328.45 Million | 0.00% | 0.06x | $376.22 Million |
About Twenty One Capital, Inc.
Twenty One Capital, Inc. engages in the Bitcoin-related business. The company is involved in actively accumulating Bitcoin; and managing its Bitcoin holdings. It also develops educational materials and branded content for institutional and retail investor Bitcoin literacy. Twenty One Capital, Inc. is based in Austin, Texas.