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. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors62 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