France-listed firm Capital B posted a net loss of 69.5 million euros ($78 million) for the first half of 2026. The financial outcome was driven by a non-cash Bitcoin impairment charge of 75.8 million dollars, according to the company’s official first-half financial report released on Thursday, October 15.
The accounting charge reflected Bitcoin market valuations recorded on June 30, 2026, and carried no direct impact on operational cash flow. Consolidated revenue rose 3.5% year-over-year to $6.5 million, while adjusted EBITDA remained negative at $1.2 million for the six-month period.
Despite the paper loss, Capital B secured 30 million dollars in new capital across the first six months of 2026. These funds allowed the corporate treasury to expand its holdings from 2,823 BTC in January to 3,139 BTC by the end of June, marking an 11% increase.
The strategy reflects ongoing discussions concerning balance sheet stability risks when holding volatile digital assets as primary reserves. Nevertheless, management continued allocating capital toward programmatic spot purchases.
By September 30, 2026, total company holdings advanced to 3,538 Bitcoin units, reflecting a 25% increase since January. The firm’s digital treasury was valued at $290 million at the end of the third quarter, according to data tracked by the Bitcointreasuries analytics platform.
This volume places Capital B as the 25th-largest corporate Bitcoin holder globally and the second-largest in Europe, trailing only Germany-based Bitcoin Group. The treasury expansion follows multiple capital market operations executed throughout 2026.
Capital B shares rose 0.5% in early trading on Friday, October 16, but remained down 25% year-to-date, according to market data from the Yahoo Finance tracker.
Corporate governance changes accompanied the financial results. Shareholders approved a 10-for-1 reverse stock split in July 2026 to facilitate institutional participation. That vote followed a June authorization granting up to $120 billion in potential financing capacity through equity and debt to expand financial reserves over the coming cycles.
Capital B is scheduled to deploy additional tranches under its authorized facilities ahead of its fourth-quarter reporting period.
This article is for informational purposes only and does not constitute financial advice.
