Capital B posts wider H1 net loss of $78 million on bitcoin impairment charge
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French bitcoin Bitcoin (BTC) treasury firm Capital B reported a wider net loss for the first half of this year, mainly driven by an additional bitcoin impairment charge, as the company continued to expand its crypto reserves.
Key facts
- In September, the company acquired 376 BTC for €25.3 million ($28.4 million), marking its largest bitcoin purchase of the year
- The firm posted a net loss of €69.5 million ($78.1 million) for the first six months of this year, compared to a €1.9 million ($2.1 million) net loss in the same period last year, according
- To support its bitcoin treasury strategy, the company announced capital raises totaling €27.5 million ($30.9 million) during the first half of this year, followed by another €31.7 million ($35.6 million) between July 1 and Oct
- Meanwhile, its revenue rose 3.5% year-on-year to €5.8 million ($6.5 million), compared with €5.6 million for the first half of 2025
Summary
The firm posted a net loss of €69.5 million ($78.1 million) for the first six months of this year, compared to a €1.9 million ($2.1 million) net loss in the same period last year, according to its half-year results released Thursday. The report attributed roughly €67.5 million ($75.9 million) of the loss to an additional bitcoin impairment charge based on bitcoin's price as of June 30, which the company said had no cash impact. Meanwhile, its revenue rose 3.5% year-on-year to €5.8 million ($6.5 million), compared with €5.6 million for the first half of 2025. The bitcoin treasury company continued to focus on accumulating the world's largest cryptocurrency.