Tether-backed Twenty One Capital reports $1.09 billion Q3 net income on bitcoin gains

Poin penting

• Twenty One Capital, a company backed by Tether, reported a third-quarter net income of $1.09 billion.
• The impressive financial results were primarily driven by substantial gains from its Bitcoin holdings.
• However, despite the massive overall net income, the firm recorded an operating loss of $4.8 million for the same quarterly period.

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