Twenty One Capital CEO considers preferred stock to acquire more Bitcoin

Raphael Zagury: Raphael Zagury is the Chief Executive Officer of Twenty One Capital, appointed effective July 2026 after serving as a board member and leading Elektron Energy, a large-scale Bitcoin mining and infrastructure firm. With prior experience in Wall Street investment banking at firms including Goldman Sachs, Deutsche Bank, and Merrill Lynch, as well as fintech leadership roles, he brings expertise in capital markets and operational scaling to the role. Zagury is directing the company's evolution beyond a pure Bitcoin treasury into a broader Bitcoin-native platform emphasizing disciplined capital allocation and operating businesses. Twenty One Capital: Twenty One Capital is a publicly traded Bitcoin-native operating company listed on the NYSE that maintains one of the largest corporate Bitcoin treasuries among public firms while developing related businesses. Recently under new leadership, it has shifted focus toward building cash-flow generating operations, capital markets capabilities, and selective acquisitions benchmarked against Bitcoin performance, in a model inspired by Berkshire Hathaway. The company is actively considering capital-raising tools such as preferred stock issuances to support further Bitcoin acquisitions. Bitcoin Treasury Innovation: Bitcoin treasury companies are increasingly evaluating specialized equity instruments such as preferred stock to raise capital for additional Bitcoin purchases in a structured manner. Corporate Capital Strategies: Firms holding large Bitcoin positions continue to explore financing mechanisms modeled on successful treasury approaches to compound holdings without disrupting core operations.