Twenty One Capital currently maintains 43,000 BTC at a reduced valuation, and Chief Executive Officer Rapha Zagury aims to correct this gap. He details the methodology behind calculating Twenty One’s modified Net Asset Value (mNAV), discusses his reservations regarding this specific metric for an operational business, and weighs the possibility of implementing share buybacks. Additionally, he clarifies how the support from Tether supplies Twenty One with enduring capital, offering a vital advantage compared to competing treasury enterprises.
Chapters:
0:00 – Twenty One CEO Rapha Zagury on Building the Berkshire Hathaway of Bitcoin
0:53 – What Twenty One Looks for in Bitcoin Acquisition Targets
3:10 – Twenty One’s Five Pillars and Tether’s Backing
6:57 – mNAV, the 30% Discount and Share Buybacks
9:38 – Would Twenty One Issue Preferred Stock Like Strategy?
11:01 – Building a Bitcoin Capital Markets and Energy Trading Arm
12:48 – Why Bitcoin Is the Best Collateral for Lending
15:49 – Bitcoin’s Strength vs. Gold Amid Macro Uncertainty
19:21 – Institutions as Bitcoin’s Next Big Buyers
21:30 – Hash Rate Bear Market, AI and Bitcoin Mining Opportunities
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Originally published at https://bitcoinmagazine.com/videos/building-the-berkshire-hathaway-of-bitcoin-twenty-one-capital-ceo-rapha-zagury.
