Twenty One Capital (CEP) — BTC Stacking Curve
Cumulative holdings, every disclosed buy, share price, and the best-fit saturation curve.
Twenty One Capital holds 43,514 BTC across 4 disclosed purchases. Average cost basis $107,173 per BTC. Last 30 days: 0 BTC. Last 90 days: 0 BTC — 0/week. Best fit: Richards (R² 0.98). Curve flattens toward 44,058 BTC, steepest accumulation May 2025.
Transaction history
All BTC transactions, most recent first.
| Date | BTC | Spot | USD Cost | Cumulative |
|---|---|---|---|---|
| Jul 30, 2025 | 6,284 | $117.9K | $740.8M | 43,514 |
| Jun 3, 2025 | 11,417 | $105.8K | $1.21B | 37,230 |
| Jun 2, 2025 | 21,000 | $105.6K | $2.22B | 25,812 |
| May 9, 2025 | 4,812 | $103.1K | $496.0M | 4,812 |
How to read this chart
Cumulative BTC held — the staircase. Each step is a disclosed purchase; the step height is the size of the buy.
Purchase bubbles — one per buy. Bubble size is the BTC count; vertical position is the per-BTC cost basis. Small-and-high is a small buy at a high price; big-and-low is a big buy made cheap.
Share price — the secondary line on the right axis. Did the company stack faster when its equity ran hot?
Regression fit — the best of a Richards and a Gompertz saturation curve, chosen by log-R². It has to flatten: there are only 21 million Bitcoin.
Controls — Linear/Log switches the BTC axis. Play animates the curve forward through disclosure time. ‹ › steps through the cohort by holdings.