XXI Twenty One Capital, Inc.
XNYS 5.39 DelayedStock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
XXI
$5.39
—
What changed
Recent filings, trades and movesKey stats
$5.39
- 52-Week Range
- $4.15 – $12.51
- YTD
- -42.04%
- Straddle Price
- $1.12
- P/C Vol Ratio
- 2.13
- Market Cap
- $1.9B
- Open
- $5.36
- Day Range
- $5.31 – $5.40
- Volume
- 22,876
- Prev Close
- $5.32
Fair Value
MODEL: SHORT
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.86% |
| Beta vs SPY | 1.07 |
| Cost of Equity (CAPM) | 10.73% (VRP-adj) |
| WACC | 11.14% |
| Volatility Risk Premium | +97.9pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +3.0% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.03 (applied to P/E, EV/EBITDA, P/S) |
| Quality Score | 0/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $5.97 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $5.64 |
| Bollinger Width / SMA20 | 14.5% (drives anchor stability) |
| Net Debt | $0.0B |
| Market Cap | $2B |
Peers used for multiples: ABTC, ASST, CLSK, EMPD, HUT, MARA, MSTR, RIOT
60-Day Conviction
53%
20-Day Fair Value
≈ by Dec 10, 2026
$5.24
α -1.8%
rank 69%
conviction
90%
40-Day Fair Value
≈ by Jan 8, 2027
$5.36
α +0.5%
rank 69%
conviction
20%
60-Day Fair Value
≈ by Feb 8, 2027
$5.22
α -2.0%
rank 69%
conviction
53%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | |
| Peer EV/EBITDA | n/a | 0% | |
| Peer P/B | n/a | 0% | median 1.9× · 8 peers |
| Peer P/S | n/a | 0% | median 15.7× · 8 peers |
| Market Anchor (SMA50) | $5.97 | 100% | stability 77% (BB-width) |
| Options Expected (B-L 30d) | $5.60 | 0% | 5 strikes · skew +0.31 |
As of 2026-11-11 · updated
Related
About
- Industry (SIC)
- FINANCE SERVICES (6199) · industry map
- Exchange
- XNYS
- Market Cap
- $1.9B
- Employees
- 3
- List Date
- 2025-12-09
- CIK
- 0002070457
- Next Earnings
- 2026-11-13 (Pre-Market)
- Headquarters
- Austin, TX
- Homepage
- https://www.xxi.money
Twenty One Capital Inc is engaged in the Bitcoin-related business lines. It engages in two principal activities: actively accumulating Bitcoin and managing its Bitcoin holdings, and commencing development of educational materials and branded content intended to drive increased institutional and retail investor Bitcoin literacy.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | -18.28% | -18.28% |
| Feb | -- | -23.87% | -23.87% |
| Mar | -- | 3.23% | 3.23% |
| Apr | -- | 37.40% | 37.40% |
| May | -- | -18.12% | -18.12% |
| Jun | -- | -30.96% | -30.96% |
| Jul | -- | -20.85% | -20.85% |
| Aug | -- | 40.05% | 40.05% |
| Sep | -- | 12.26% | 12.26% |
| Oct | -- | -18.81% | -18.81% |
| Nov | -- | -2.02%* | -2.02% |
| Dec | -23.29% | -- | -23.29% |
| Total | -23.29% | -50.62% | -36.95% |
* Only 2 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $5.61
SMA 50: $5.96
SMA 200: $6.27
Current: $5.34
EMA 12: $5.54
EMA 26: $5.71
MACD: -0.1701 | Signal: -0.0211
BEARISH
ADX (14): 10.47
RANGE
+DI: 21.95
−DI: 23.27
Momentum Oscillators
RSI (14): 41.62
NEUTRAL
Stoch %K: 21.26
Stoch %D: 23.42
Williams %R: -84.86
Volume & Volatility
BB Upper: $6.01
BB Lower: $5.21
NEUTRAL
OBV: 27,840,251
Vol SMA 20: 1,548,435
Vol ROC: -98.46%
ATR: $0.35
True Range: $0.08
HV 20: 63.5%
HV 30: 56.9%
HV 60: 75.0%
Data Summary
Data Points: 232
Last Updated:
Date Range: 2025-12-09T00:00:00 – 2026-11-10T00:00:00
AI Analysis
LLM Stock Analysis Report: XXI
Executive Summary
BULLISH/BEARISH: BEARISH (Confidence Level: 6/10)
Key Drivers:
- Negative recent news headlines
- High volatility, driven by beta >1.5
- Options market pricing a significant move ahead
Primary Risks:
- Continued negative sentiment from recent news
- Potential for further price declines due to high volatility
Investment Thesis:
XXI is likely to experience short-term weakness due to recent negative news and high volatility. However, the options market is pricing in a significant move ahead, which could be an opportunity for traders looking to capitalize on potential mean reversion.
Recent News Sentiment Impact:
The recent news headlines have had a predominantly NEGATIVE impact on the stock's price, contributing to the bearish sentiment.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): BEARISH
- Medium-term (1-3 months): NEUTRAL
- Long-term (3-12 months): BULLISH
Support/Resistance Levels:
- Key price levels:
- SMA 20: $4.60
- Lower Bollinger Band: $4.15
Momentum Signals:
- RSI interpretation: NEUTRAL (52.47)
- MACD signal: BEARISH (bearish crossover)
- Bollinger Bands position: NEUTRAL (price touching middle band)
Volume Analysis:
- Volume trends: LOW VOLUME
- Institutional interest signals: MIXED SIGNALS
News & Sentiment Analysis
Recent Headlines Summary:
Two recent news headlines with NEGATIVE sentiment have contributed to the bearish trend.
Sentiment Assessment:
AGGREGATE NEWS SENTIMENT: NEGATIVE (2/3)
Catalyst Identification:
Upcoming catalysts include the potential for a mean reversion in price, driven by the high volatility and options market pricing.
Market Narrative:
The recent negative news has created a bearish narrative that aligns with the short-term technical signals. However, the long-term trend remains BULLISH, suggesting that XXI could experience a reversal of fortune in the coming months.
Risk & Volatility Assessment
Beta Interpretation:
RISK RELATIVE TO MARKET: HIGH RISK (beta >1.5)
Volatility Regime:
CURRENT VOLATILITY LEVELS: HIGH VOLTILITY (>64%)
Options Market Signals:
- IV Rank: 25.9% (Medium)
- Put/Call Volume Ratio: 1.39 (Bearish sentiment)
- Put/Call OI Ratio: 3.92
Downside Protection:
Support levels: + SMA 20: $4.60 + Lower Bollinger Band: $4.15
Market Context & Positioning
Sector Performance:
Relative strength vs sector/market: MIXED SIGNALS
Institutional Activity:
Volume patterns suggesting institutional interest: MIXED SIGNALS
Correlation Analysis:
R-squared interpretation: 0.49 (high correlation with market)
Relative Valuation:
Position within trading range: NEUTRAL (price near middle of trading range)
Key Levels & Action Items
Critical Price Levels:
Support/resistance levels: + SMA 20: $4.60 + Lower Bollinger Band: $4.15
Breakout/Breakdown Levels:
Technical levels that could trigger significant moves: + Upper Bollinger Band: $5.04
Time-Sensitive Catalysts:
Earnings dates, FDA approvals, product launches: NO EARNINGS DATA AVAILABLE
Risk Management:
Stop-loss levels and position sizing considerations: + Consider setting a stop-loss at the Lower Bollinger Band ($4.15) or SMA 20 ($4.60) + Position size should be adjusted based on risk tolerance and market conditions
Generated
News
All XXI news →
XXI Options Activity & IV Rank
Volatility Metrics
Current IV: —
7-DTE IV: —
Expected Move: $1.12
7-DTE Move: $2.67
Days to Exp: 37 (2026-12-18)
Options Flow · All expiries
Call Volume: 974
Put Volume: 2,079
P/C Volume: 2.134
BEARISH
Call OI: 74,025
Put OI: 7,733
P/C OI: 0.104
Total OI: 81,758
ATM Options Pricing
ATM Call: $0.72
ATM Put: $0.40
Call %: 13.5%
Put %: 7.4%
Chain Summary
Chain Volume: 3,053
Chain OI: 81,758
Last Updated: 11/11/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 41st percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
41%
vs own history
GEX tilt
-0.34
OI-weighted, today
Vanna tilt
+0.84
δ-sensitivity to IV
Charm tilt
-0.84
δ-decay vs time
Vanna tilt +0.84: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.84: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 6 ATM contracts, 1k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
No data
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)$1.12Nov 11
Beta Analysis
Risk Metrics
Beta: 2.5427
Alpha: -88.20%
Correlation: 0.4944
R-Squared: 24.4%
Stock Volatility: 70.8%
Market Volatility: 13.8%
Analysis Details
Benchmark: SPY
Data Points: 232
Period: 252 trading days
Data Points: 232
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own XXI
4 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Citadel Hedge fund Ken Griffin | $361K | #4859 of 6285 | -6.9% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $147K | #3550 of 3716 | new | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $55K | #3044 of 3138 | new | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $17K | #3787 of 4729 | -56.9% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
XXI Institutional Ownership (13F)
Filings for 2026-06-30 · 37 already for 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
7 filers$17.04M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $7.62M | 44.73% | 2026-06-30 |
| 2 | GROUP ONE TRADING LLC Custodian | $4.55M | 26.68% | 2026-06-30 |
| 3 | Simplex Trading, LLC Custodian | $2.05M | 12.04% | 2026-09-30 |
| 4 | Jane Street Group, LLC Custodian | $1.17M | 6.84% | 2026-06-30 |
| 5 | Citadel Advisors LLC Custodian | $955.35K | 5.61% | 2026-06-30 |
| 6 | IMC-Chicago, LLC Custodian | $690.95K | 4.05% | 2026-09-30 |
| 7 | JPMorgan Chase & Co Custodian | $9.03K | 0.05% | 2026-06-30 |
9 filers$3.35M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $1.05M | 31.48% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $558.36K | 16.69% | 2026-06-30 |
| 3 | GROUP ONE TRADING LLC Custodian | $471.74K | 14.10% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $379.60K | 11.34% | 2026-09-30 |
| 5 | WOLVERINE ASSET MANAGEMENT LLC | $325.00K | 9.71% | 2026-09-30 |
| 6 | CSS LLC/IL | $297.00K | 8.88% | 2026-06-30 |
| 7 | Jane Street Group, LLC Custodian | $143.06K | 4.27% | 2026-06-30 |
| 8 | Simplex Trading, LLC Custodian | $93.60K | 2.80% | 2026-09-30 |
| 9 | Skaana Management L.P. | $24.75K | 0.74% | 2026-06-30 |
XXI Insider Trading (Form 4)
Latest: 2026-10-02Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-02 | Steven Meehan | Chief Financial Officer | Tax (F) | −4,394 | $6.77 | -$29.7K | EDGAR |
| 2026-09-09 | David J Goldschmidt | Director | Award (A) | +15,205 | $6.00 | $91.2K | EDGAR |
| 2026-08-07 | Karl E. Olsoni | Director | Award (A) | +23,506 | $5.00 | $117.5K | EDGAR |
| 2026-08-07 | Paul S Lalljie | Director | Award (A) | +23,237 | $5.50 | $127.8K | EDGAR |
| 2026-07-30 | Steven Meehan | Chief Financial Officer | Tax (F) | −4,271 | $4.35 | -$18.6K | EDGAR |
| 2026-07-21 | Jack Mallers | See Remarks | Disp (D) | −307,253 | $5.23 | -$1.61M | EDGAR |
| 2026-04-13 | Steven Meehan | Chief Financial Officer | Mixed Grant +204,223 · Tax −18,232 |
+185,991 | $6.64 | -$121.1K | EDGAR |
| 2026-04-13 | Jack Mallers | Chief Executive Officer | Mixed Grant +1,643,445 · Tax −130,292 |
+1,513,153 | $6.64 | -$628.9K | EDGAR |
| 2026-01-05 | James Cong Hoan Nguyen | General Counsel | Grant (A) | +297,029 opt | — | EDGAR | |
| 2026-01-05 | Jack Mallers | Chief Executive Officer | Grant (A) | +6,089,634 opt | — | EDGAR | |
| 2026-01-05 | Steven Meehan | Chief Financial Officer | Grant (A) | +796,951 opt | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
XXI Insider Holdings
4 insiders · @ $5.34
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Steven Meehan | Chief Financial Officer | 177,326 | $946.9K | $0 | 4 | 2026-10-02 |
| 2 | Karl E. Olsoni | Director | 23,506 | $125.5K | $0 | 1 | 2026-08-07 |
| 3 | Paul S Lalljie | Director | 23,237 | $124.1K | $0 | 1 | 2026-08-07 |
| 4 | David J Goldschmidt | Director | 15,205 | $81.2K | $0 | 1 | 2026-09-09 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
XXI Board & Officers
As of SEC filings through Oct 2, 2026Directors 7
- Paolo Ardoino · since Dec 8, 2025
- Raphael Sequerra Zagury · since Dec 8, 2025
- Robert Nicholas Hines · since Dec 8, 2025
- Zachary Lyons · since Dec 8, 2025
- Paul S Lalljie · since Jun 5, 2026
- Karl E. Olsoni · since Jun 30, 2026
- David J Goldschmidt · since Sep 8, 2026
Officers 2
- Steven Meehan · Chief Financial Officer · since Dec 8, 2025
- James Cong Hoan Nguyen · General Counsel · since Dec 8, 2025
Changes in the last 10 years (17)
| Sep 8, 2026 | David J Goldschmidt became a director |
| Jul 21, 2026 | Jack Mallers reported in an SEC filing no longer being a director |
| Jul 21, 2026 | Jack Mallers reported in an SEC filing no longer being Chief Executive Officer |
| Jun 30, 2026 | Karl E. Olsoni became a director |
| Jun 5, 2026 | Paul S Lalljie became a director |
| May 15, 2026 | The company announced the departure of Vikas Jayendra Parekh from the board in an SEC filing |
| May 15, 2026 | The company announced the departure of Jared Patrick Roscoe from the board in an SEC filing |
| Dec 8, 2025 | Zachary Lyons became a director |
| Dec 8, 2025 | Vikas Jayendra Parekh became a director |
| Dec 8, 2025 | Steven Meehan became Chief Financial Officer |
| Dec 8, 2025 | Robert Nicholas Hines became a director |
| Dec 8, 2025 | Raphael Sequerra Zagury became a director |
| Dec 8, 2025 | Paolo Ardoino became a director |
| Dec 8, 2025 | Jared Patrick Roscoe became a director |
| Dec 8, 2025 | James Cong Hoan Nguyen became General Counsel |
| Dec 2, 2025 | Jack Mallers became a director |
| Dec 2, 2025 | Jack Mallers became Chief Executive Officer |
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
Recent SEC Filings
Latest: 2026-09-09
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Event | Link |
|---|---|---|
| 2026-09-09 | Director or officer change | EDGAR |
| 2026-08-31 | Other events | EDGAR |
| 2026-08-11 | Regulation FD disclosure | EDGAR |
| 2026-07-27 | Other events | EDGAR |
| 2026-07-21 | Director or officer change · Other events | EDGAR |
| 2026-06-30 | Director or officer change | EDGAR |
| 2026-06-08 | Director or officer change · Other events | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-08-11 | 0001213900-26-087471 | EDGAR |
ETF Holders
12 ETFs hold XXI
12 shown · $31.70M total exposure · 0.01% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.04% | $10.1M | — | 2026-08-31 |
| 2 | VXF Vanguard Extended Market ETF | Vanguard | 0.01% | $9.5M | — | 2026-09-30 |
| 3 | KCE State Street® SPDR® S&P® Capital Markets ETF | SPDR (State Street) | 1.07% | $4.9M | $455.3M | 2026-11-09 |
| 4 | STCE Schwab Crypto Thematic ETF | Nport | 1.24% | $3.3M | — | 2026-06-30 |
| 5 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.00% | $1.4M | $95.3B | 2026-11-09 |
| 6 | SCHB Schwab U.S. Broad Market ETF | Nport | 0.00% | $1.3M | — | 2026-08-31 |
| 7 | OWNB Bitwise Bitcoin Standard Corporations ETF | Nport | 6.41% | $970,744 | — | 2026-06-30 |
| 8 | SATO Invesco Alerian Galaxy Crypto Economy ETF | Invesco | 2.03% | $127,358 | — | 2026-11-09 |
| 9 | RFLR Innovator U.S. Small Cap Managed Floor ETF | Innovator | 0.09% | $84,636 | $96.0M | 2026-11-10 |
| 10 | BKSE BNY Mellon US Small Cap Core Equity ETF | Nport | 0.06% | $56,086 | — | 2026-07-31 |
| 11 | KBFR Innovator U.S. Small Cap Managed 10 Buffer ETF | Innovator | 0.08% | $10,374 | $13.5M | 2026-11-10 |
| 12 | ISCB iShares Morningstar Small-Cap ETF | Nport | 0.00% | $7,882 | — | 2026-07-31 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
—
TTM Revenue
—
TTM Net Income
—
TTM Op. Cash Flow
—
XXI vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| MSTR Strategy Inc Common Stock Class A | $53.2B | — | +0.4% | −22.7% | 45 |
| HUT Hut 8 Corp. Common Stock | $6.8B | — | +129.5% | +14.7% | 43 |
| RIOT Riot Platforms, Inc. Common Stock | $6.6B | — | +24.5% | +30.9% | 51 |
| ASST Strive, Inc. Class A Common Stock | $2.7B | — | +160.4% | +26.7% | 74 |
| MARA MARA Holdings, Inc. Common Stock | $2.6B | — | +0.7% | −23.1% | 56 |
| XXI Twenty One Capital, Inc. | $1.9B | — | — | −42.6% | 89 |
| CLSK CLEANSPARK INC | $1.8B | — | +68.0% | −40.5% | 63 |
| ABTC American Bitcoin Corp. Class A Common St | $386M | — | — | −79.9% | 18 |
| EMPD Empery Digital Inc. Common stock | $57M | — | — | −54.8% | 54 |
| Peer median | $2.6B | — | +46.2% | −22.9% | 53 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
7.65M
SI % of Float
18.98%
Days to Cover
5.39
Short Vol Ratio
74.0%
Free Float
40.31M
Float %
11.6%
Short interest 2026-10-15 • Short volume 2026-11-10 • Float 2026-08-19