Risk factors

Twenty One Capital (XXI) risk factors

Item 1A of every Twenty One Capital, Inc. 10-K on file, and what changed from one year to the next.

Open XXI in Gloomberb →
  • FY2025 10-K risk factors

    62 risks. Twenty One Capital holds massive amounts of Bitcoin and $486.5 million in debt, making its financial viability entirely dependent on volatile cryptocurrency prices and Tether's administrative control.

    Filed Mar 31, 2026