Brief
Capital B posts €69.5 million H1 loss as Bitcoin impairment hits balance sheet
The France‑listed Bitcoin treasury firm posted a €69.5 million loss for H1 2026, largely due to a Bitcoin price‑adjustment charge.
By Felo News Desk · Published
Capital B, a France‑listed Bitcoin treasury company, announced a net loss of €69.5 million ($78 million) for the first half of 2026, driven by a Bitcoin impairment charge of $75.8 million, according to its H1 report published Thursday.
Despite the loss, consolidated revenue rose 3.5% year‑over‑year to $6.5 million and adjusted EBITDA was negative $1.2 million. The impairment reflects Bitcoin prices as of 30 June and had no direct cash impact.
The firm raised $30 million in capital during the period and increased its Bitcoin holdings by 11%, from 2,823 BTC in January to 3,139 BTC at the end of June, reaching 3,538 BTC by 30 September – a 25% increase from the start of the year. Its treasury, now valued at $290 million, ranks as the world’s 25th‑largest corporate Bitcoin treasury and Europe’s second‑largest.
Capital B’s shares edged up 0.5% in early Friday trading but remain down 25% year‑to‑date, and the company approved a 10‑for‑1 reverse stock split in July to broaden its institutional investor base.
Key facts
- Capital B reported a net loss of €69.5 million ($78 million) for H1 2026. (cointelegraph.com)
- The loss was driven by a Bitcoin impairment charge of $75.8 million. (cointelegraph.com)
- Consolidated revenue grew 3.5% to $6.5 million, while adjusted EBITDA was –$1.2 million. (cointelegraph.com)
- Bitcoin holdings rose 25% year‑to‑date to 3,538 BTC, valued at $290 million. (cointelegraph.com)
- Capital B raised $30 million in capital and approved a 10‑for‑1 reverse stock split. (cointelegraph.com)
Sources
- [1] cointelegraph.com — originally reported as “Capital B Reports $78M H1 Loss Driven by Bitcoin Impairment Charge”
