PHXvsXXI
Phoenix Group PLC 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.
PHX
Phoenix Group PLC
🇦🇪 AE
641 BTC
$41.0M market value
XXI
Twenty One Capital
🇺🇸 US
43,514 BTC
$2.8B market value
Metric
PHX
XXI
BTC holdings
641 BTC
43,514 BTC
Market value of BTC
$41.0M
$2.8B
Average cost per BTC
$65,230.69
$84,865.00
Total cost basis
$41.8M
$3.7B
mNAV (market cap ÷ BTC value)
—
0.64×
Sats per share
1.7k
12.5k
Last disclosed purchase
Dec 31, 2025
- Dec 31, 2025+-300 BTC$26.5M
- Sep 30, 2025+-100 BTC$11.4M
- May 13, 2026+-1 BTC$93.7K
- May 13, 2026+0 BTC$79.3K
- Mar 31, 2026+0 BTC$375.4M
PHX vs XXI: frequently asked
Which company holds more Bitcoin, PHX or XXI?▾
Twenty One Capital (XXI) holds 43,514 BTC, compared to Phoenix Group PLC's (PHX) 641 BTC — roughly 67.9× more.
What's the total Bitcoin value on the balance sheets of PHX and XXI?▾
PHX holds $41.0M worth of Bitcoin at current market prices. XXI holds $2.8B.
Who has a lower cost basis per BTC, PHX or XXI?▾
PHX's average cost is $65,230.69 per BTC. XXI's is $84,865.00. PHX is the lower cost basis.
When did PHX last buy Bitcoin?▾
PHX disclosed a -300 BTC purchase on December 31, 2025.
When did XXI last buy Bitcoin?▾
XXI disclosed a -1 BTC purchase on May 13, 2026.