Capital B reports $78M H1 loss driven by Bitcoin impairment charge

Europe’s second-largest Bitcoin treasury raised $30 million and increased its Bitcoin holdings by 11% in the first half of 2026, despite reporting a $75 million Bitcoin impairment loss.

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.

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