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Twenty One Capital Reports $1 Billion Bitcoin Profit but Has Already Distributed 60%
(2 hours ago) · 1 source · Summarized by CryptoBipto
Twenty One Capital reportedly generated $1 billion in profit from its Bitcoin holdings. However, approximately 60% of that profit has already been distributed or otherwise allocated, leaving a smaller portion retained by the company.
WHY IT MATTERS
When a company holds Bitcoin and its price goes up, the company can report a profit on paper — similar to how a house you own might increase in value, but you have not actually received any cash until you sell it.
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SOURCES
- beincrypto.com
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