Capital B reports €69.5 million first-half loss

Capital B reported a €69.5 million net loss for the first half of 2026, largely reflecting a €75.8 million Bitcoin impairment charge measured at June 30, even as the company increased its Bitcoin holdings and raised funds. The French-listed company said the impairment had no direct cash impact. It accounted for most of the loss, which was about $78 million. The first-half results cover the six months ended June 30; later treasury figures show that Capital B continued acquiring Bitcoin after that period. Consolidated revenue rose 3.5% year over year to €5.85 million. Adjusted EBITDA was a loss of about €1.1 million. The figures show revenue growth alongside continued operating losses, while the Bitcoin valuation adjustment weighed heavily on reported net results. Capital B’s strategic Bitcoin holdings increased from 2,823 BTC at the start of 2026 to 3,139 BTC on June 30. The company reported 3,538 BTC by September 30. It also disclosed first-half financing transactions totaling approximately €27.5 million, a figure described in rounded terms as about €30 million. The impairment was based on Bitcoin’s value on the reporting date, rather than a sale of the holdings, according to...