REFINE.STOvsXXI
Refine Group AB 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.
REFINE.STO
Refine Group AB
🇸🇪 SE
7.18 BTC
$459.0K market value
XXI
Twenty One Capital
🇺🇸 US
43,514 BTC
$2.8B market value
Metric
REFINE.STO
XXI
BTC holdings
7.18 BTC
43,514 BTC
Market value of BTC
$459.0K
$2.8B
Average cost per BTC
$110,676.84
$84,865.00
Total cost basis
$794.7K
$3.7B
mNAV (market cap ÷ BTC value)
—
0.64×
Sats per share
—
12.5k
Last disclosed purchase
Sep 5, 2025
- Sep 5, 2025+0 BTC—
- May 13, 2026+-1 BTC$93.7K
- May 13, 2026+0 BTC$79.3K
- Mar 31, 2026+0 BTC$375.4M
- Mar 31, 2026+0 BTC$458.7M
REFINE.STO vs XXI: frequently asked
Which company holds more Bitcoin, REFINE.STO or XXI?▾
Twenty One Capital (XXI) holds 43,514 BTC, compared to Refine Group AB's (REFINE.STO) 7.18 BTC — roughly 6060.4× more.
What's the total Bitcoin value on the balance sheets of REFINE.STO and XXI?▾
REFINE.STO holds $459.0K worth of Bitcoin at current market prices. XXI holds $2.8B.
Who has a lower cost basis per BTC, REFINE.STO or XXI?▾
REFINE.STO's average cost is $110,676.84 per BTC. XXI's is $84,865.00. XXI is the lower cost basis.
When did REFINE.STO last buy Bitcoin?▾
REFINE.STO disclosed a 0 BTC purchase on September 5, 2025.
When did XXI last buy Bitcoin?▾
XXI disclosed a -1 BTC purchase on May 13, 2026.