Twenty One Capital had a net loss of $413.5 million in the second quarter

According to reports, Twenty One Capital suffered a net loss of $413.5 million in the second quarter, mainly due to a decrease of $401.5 million in the value of its Bitcoin holdings. CEO Raphael Zagury stated that Twenty One Capital needs to become a company that is not just a Bitcoin treasury, and has announced a development plan that covers mergers and acquisitions, capital market operations, and Bitcoin mortgage loans.