Twenty One Capital Made $1 Billion in Bitcoin Profit. 60% is Already Gone
Twenty One Capital reported a $1.087 billion third-quarter profit on Friday. The money came from Bitcoin (BTC) rising in value, and about 60% of it has already disappeared. Bitcoin has fallen since the quarter closed on Sept. 30. The Texas firm’s coins are now worth about $700 million less than it paid. Where Did…
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Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
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