Capital B posts €69.5M net loss in H1 2026 as revenue rises 3.5%

Capital B, the Paris-listed firm that calls itself Europe’s first dedicated Bitcoin Treasury Company, reported a net loss of €69.5 million for the first half of 2026. A year earlier, the same period produced a €1.9 million loss. The company, which trades on Euronext Growth in Paris under the ticker ALCPB, published its half-year results on October 15. The headline loss was driven mainly by a €67.5 million impairment charge tied to its Bitcoin holdings, an accounting entry that involved no actual cash outflow. Strip out that €67.5 million charge and the picture looks very different. The underlying business held up. Revenue rose 3.5% to €5.8 million in the half, coming from the company’s operating segments in data intelligence, AI, and tech consulting. Those operating units also posted adjusted EBITDA of €0.6 million, up 9.8% year over year. At the group level, adjusted EBITDA came in at negative €1.1 million. Capital B attributed that figure partly to €2.2 million in expenses linked to running its Bitcoin Treasury Company operations. The Bitcoin stack keeps growing As of September 30, 2026, Capital B held 3,538 BTC in its strategic reserve. The company said that figure was unchanged...