Capital B reports $78M loss in H1 2026 despite buying more Bitcoin

Capital B has reported a €69.5 million ($78 million) net loss for the first half of 2026, largely driven by a €67.5 million ($75.8 million) Bitcoin impairment charge, even as the French company’s cryptocurrency holdings increased 11.2% during the period. Summary Capital B reported a €69.5 million first-half net loss, mainly driven by Bitcoin impairment charges. The company’s €67.5 million Bitcoin impairment was noncash and reflected prices recorded on June 30. Capital B increased its strategic Bitcoin holdings from 2,823 BTC in January to 3,139 by June. First-half revenue increased 3.5% to €5.85 million, while group adjusted EBITDA remained in negative territory. By September 30, Capital B held 3,538 Bitcoin acquired at an average cost of €87,805. Capital B confirmed in its October 15 financial report that the charge reflected Bitcoin’s valuation as of June 30 and did not involve a cash payment. The Paris-listed company reported a net loss of €1.9 million during the corresponding period in 2025. Despite the accounting loss, consolidated revenue increased 3.5% from €5.65 million to €5.85 million ($6.5 million). Capital B continued raising funds for Bitcoin purchases, bringing its st...