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Capital B Reports €69.5 Million Loss in H1 2026 Amid Revenue Growth
Capital B, a Paris-listed company recognized as Europe's first dedicated Bitcoin Treasury Company, announced a net loss of €69.5 million for the first half of 2026. This marks a significant increase from a loss of €1.9 million during the same period in the previous year. The substantial loss was primarily attributed to a €67.5 million non-cash impairment charge related to its Bitcoin holdings, which did not involve any actual cash outflow.
Despite the headline loss, Capital B's underlying business showed resilience, with revenue increasing by 3.5% to €5.8 million. This growth was driven by the company's operations in data intelligence, artificial intelligence, and technology consulting. The adjusted EBITDA for these segments rose by 9.8% year over year, reaching €0.6 million, although the overall group-level adjusted EBITDA was negative at €1.1 million due to ongoing operational costs associated with the Bitcoin Treasury Company.
As of September 30, 2026, Capital B maintained a strategic reserve of 3,538 Bitcoin, an increase from 2,823 Bitcoin at the beginning of the year. The company has been funding its Bitcoin acquisitions primarily through equity raises, which have added €31.7 million to its capital. Capital B aims to hold up to 1% of the total Bitcoin supply by 2033, reflecting its long-term strategy to integrate Bitcoin accumulation with its consulting business.
Source: KLEA News