Capital B reported a net loss of $78 million in the first half of the year, mainly due to the impairment of Bitcoin.

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

French-listed Bitcoin reserve company Capital B reported a net loss of 69.5 million euros (78 million US dollars) in the first half of 2026, mainly due to a provision for impairment of Bitcoin amounting to 75.8 million US dollars.

According to the company's report for the first half of 2026 released on Thursday, this impairment reflects the price of Bitcoin ( BTC ) as of June 30, and has no direct impact on cash.

However, the consolidated revenue of Capital B increased by 3.5% year-on-year to $6.5 million; after adjustment, EBITDA was negative $1.2 million. EBITDA is an indicator that measures a company's earnings before interest, taxes, depreciation, and amortization (EBITDA).

These results show that despite incurring accounting losses, this European Bitcoin reserve company continued to raise funds to advance its Bitcoin accumulation. Capital B announced that it raised a total of 30 million US dollars in the first half of this year and increased its Bitcoin holdings by 11%, from 2,823 coins at the beginning of January to 3,139 coins by the end of June.

Thereafter, as of September 30th, the company's total holdings increased to 3,538 bitcoins, a 25% increase from the beginning of the year. According to the data from Bitcointreasuries, at current values, Capital B's reserves are currently valued at $290 million, making it the 25th largest corporate holder of bitcoin in the world and also the second-largest holder in Europe, only behind Bitcoin Group from Germany.

According to Yahoo Finance data, the stock price of Capital B rose by 0.5% in the morning session on Friday, but still fell by 25% for the year so far.

In July, Capital B approved the implementation of a 1:10 reverse stock split, with the aim of expanding the base of institutional investors. In June, the company's shareholders approved a financing capacity of up to $120 billion, including equity and credit instruments, to support the company's Bitcoin accumulation strategy.