Twenty One Capital CEO outlines five strategic priorities

The CEO of Twenty One Capital Inc. (NYSE:XXI), Raphael Zagury, has outlined five strategic priorities for the company following the release of its second-quarter results. Twenty One Capital recently added two independent directors, Paul Lalljie and Karl Olsoni, to its board.

Priorities include completing corporate governance, controls, key hires, and reporting. The company aims to build and acquire operating businesses, following a structure similar to Berkshire Hathaway with a strong balance sheet at the center and independent operating companies surrounding it. Developing capital-markets capabilities, including debt and equity instruments, is a third priority.

Building merger and acquisition capabilities to capitalize on opportunities as assets reprice in the industry is the fourth priority. The fifth priority is developing a lending and credit business around Bitcoin as collateral.

Zagury noted that the company's stock trades at a discount to its Bitcoin holdings and views this gap as a misallocation of capital. Tether serves as the company's controlling shareholder and strategic partner. The company's related-person transaction framework will remain rigorous and transparent, according to Zagury. The CEO expects to provide a fuller update later this year, communicating with shareholders at least quarterly and more frequently when material information is available.