Capital B posts $78M first-half loss amid growing Bitcoin holdings
Accounting charge drives reported loss for French Bitcoin treasury
Capital B, a France-based company that holds Bitcoin on its balance sheet, reported a net loss of 69.5 million euros ($78 million) for the first half of 2026. The loss was primarily caused by a $75.8 million Bitcoin impairment charge.
An impairment charge is an accounting adjustment that reduces the value of an asset on a company's books when its market price falls below what was previously recorded. Capital B said the charge reflected Bitcoin prices as of June 30 and had no direct impact on the company's cash reserves.
Company keeps buying Bitcoin despite the red ink
- Capital B raised $30 million during the first six months of 2026.
- Bitcoin holdings grew 11% from January to June, rising from 2,823 BTC to 3,139 BTC.
- Total holdings reached 3,538 BTC by September 30, a 25% increase from the start of the year.
- The company's total Bitcoin treasury is valued at $290 million, making it Europe's second-largest corporate Bitcoin holder and the 25th-largest worldwide, according to Bitcointreasuries.net.
Revenue edge higher, stock struggles
Consolidated revenue rose 3.5% year-over-year to $6.5 million, though adjusted EBITDA — a measure of earnings before interest, taxes, depreciation and amortization — came in negative at $1.2 million.
Capital B's shares rose 0.5% in early Friday trading but remain down 25% year-to-date, according to Yahoo Finance.
Financing moves support accumulation plans
In July, Capital B approved a 10-for-1 reverse stock split, a move the company said was aimed at broadening its institutional investor base. In June, shareholders approved up to $120 billion in financing capacity, including equity and credit instruments, to support the company's Bitcoin accumulation strategy.
What comes next
Capital B has not yet released figures for the third quarter or full-year 2026 results. The company continues to raise capital and add Bitcoin to its treasury.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.