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 prices as of June 30 and had no direct cash impact, according to the company's first-half 2026 report published Thursday. Despite the accounting losses, the European Bitcoin treasury firm continued raising funds to fuel its Bitcoin accumulation strategy.
Capital B Reports Revenue Growth Amid Negative EBITDA
Capital B's consolidated revenue rose 3.5% year-over-year to $6.5 million for the first half of 2026. The company's adjusted EBITDA was negative $1.2 million. EBITDA measures a company's earnings before interest, taxes, depreciation and amortization.
Capital B Increases Bitcoin Holdings by 25% in 2026
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. The company's total holdings subsequently reached 3,538 Bitcoin by Sept. 30, marking a 25% increase from the beginning of the year. Capital B's treasury is currently worth $290 million, ranking it as the world's 25th-largest corporate Bitcoin treasury and Europe's second-largest by holdings, following Germany-based Bitcoin Group, according to Bitcointreasuries.
Capital B Stock Falls 25% Year-to-Date
Capital B's stock price rose by 0.5% in early morning trading on Friday, but was down 25% year-to-date, according to Yahoo Finance.
Capital B Approves Reverse Stock Split and $120 Billion Financing Capacity
In July, Capital B approved a 10-for-1 reverse stock split aimed at broadening its institutional investor base. In June, its shareholders approved up to $120 billion in financing capacity, including equity and credit instruments, to support the company's Bitcoin accumulation strategy.
FAQ
What was Capital B's net loss for the first half of 2026?
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 reflecting Bitcoin prices as of June 30.
How much Bitcoin does Capital B hold as of Sept. 30?
Capital B's total Bitcoin holdings reached 3,538 BTC by Sept. 30, marking a 25% increase from the beginning of the year. The treasury is currently worth $290 million.
What corporate actions did Capital B take in mid-2026?
In July, Capital B approved a 10-for-1 reverse stock split to broaden its institutional investor base. In June, shareholders approved up to $120 billion in financing capacity to support the company's Bitcoin accumulation strategy.
