CBTCvsXXI
21Shares Bitcoin Core ETP vs Twenty One Capital
Side-by-side Bitcoin treasury comparison: holdings, market cap, mNAV ratio, BTC per share, cost basis, and recent purchases. Numbers refresh every 5 minutes from SEC filings and live market data.
CBTC
21Shares Bitcoin Core ETP
🇨🇭 CH
3,730 BTC
$245.3M market value
XXI
Twenty One Capital
🇺🇸 US
43,514 BTC
$2.9B market value
Metric
CBTC
XXI
BTC holdings
3,730 BTC
43,514 BTC
Market value of BTC
$245.3M
$2.9B
Average cost per BTC
—
$84,865.00
Total cost basis
—
$3.7B
mNAV (market cap ÷ BTC value)
—
0.70×
Sats per share
—
No tracked purchases yet
- 5/13/2026+-1 BTC-$93.7K
- 5/13/2026+0 BTC$0.00
- 3/31/2026+0 BTC$375.4M
- 3/31/2026+0 BTC$458.7M
- 3/31/2026+0 BTC$147.5M
CBTC vs XXI: frequently asked
Which company holds more Bitcoin, CBTC or XXI?▾
Twenty One Capital (XXI) holds 43,514 BTC, compared to 21Shares Bitcoin Core ETP's (CBTC) 3,730 BTC — roughly 11.7× more.
What's the total Bitcoin value on the balance sheets of CBTC and XXI?▾
CBTC holds $245.3M worth of Bitcoin at current market prices. XXI holds $2.9B.
Who has a lower cost basis per BTC, CBTC or XXI?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did CBTC last buy Bitcoin?▾
CBTC's last BTC purchase isn't in our tracked history yet.
When did XXI last buy Bitcoin?▾
XXI disclosed a -1 BTC purchase on May 13, 2026.