France-listed Bitcoin treasury company Capital B reported a net loss of 69.5 million euro ($78 million) for the first half of 2026, driven by a Bitcoin impairment charge of $75.8 million.
The impairment reflected Bitcoin (BTC) prices as of June 30 and had no direct cash impact, according to the company’s first-half 2026 report, published Thursday.
Still, Capital B’s consolidated revenue rose 3.5% year-over-year to $6.5 million, while adjusted EBITDA was negative $1.2 million. EBITDA measures a company’s earnings before interest, taxes, depreciation and amortization.
The results show that the European Bitcoin treasury firm continued raising funds to fuel its Bitcoin accumulation despite the accounting losses. Capital B announced capital raises totaling $30 million in the first half of the year and increased its Bitcoin holdings by 11%, from 2,823 BTC in January to 3,139 BTC by the end of June.Â
The company’s total holdings…
