[Bitcoin Treasury Firm 21 Capital Reports $413.5 Million Net Loss in Q2] BlockBeats News, August 11: Bitcoin treasury firm Twenty One Capital reported a $413.5 million net loss in the second quarter, primarily driven by a $401.5 million decline in the value of its Bitcoin holdings. Raphael Zagury, the newly appointed CEO of Twenty One Capital (XXI), stated that the Tether-backed company now needs to evolve into a business that is 'more than just a Bitcoin treasury.' He also unveiled development plans covering areas such as mergers and acquisitions, capital markets operations, and Bitcoin-backed loans. [Original Link]