Capital B posts €69.5 million first-half net loss on Bitcoin impairment

Capital B posts €69.5 million first-half net loss on Bitcoin impairment

N
News Editor
2026-10-16 02:57:09
Bitcoin treasury company Capital B reported its results for the first half of 2026, showing revenue of €5.846 million, up 3.5% year over year, and a net loss of about €69.5 million, compared with a net loss of roughly €1.9 million in the same period last year. The company said the loss was mainly driven by an additional Bitcoin impairment charge of about €67.5 million, calculated using the BTC price as of June 30, and that the charge had no cash impact. As of Sept. 30, Capital B held 3,538 BTC in its strategic reserve, up 25.3% from January. The total acquisition cost of that reserve was €310.6 million, or an average of €87,805 per BTC. The company also confirmed that its strategic reserve remained at 3,538 BTC as of Oct. 15. In addition, it held 61 BTC for operations, which were excluded from strategic reserve metrics. Capital B said it announced about €27.5 million in financing during the first half, followed by another roughly €31.7 million in financing from the end of the half through the date of the announcement. As of Sept. 30, available cash stood at €4.6 million, rising to about €9.1 million when operational BTC was included.

Bitcoin treasury company Capital B reported its results for the first half of 2026 on Oct. 16, with revenue at €5.846 million, up 3.5% from a year earlier, and a net loss of about €69.5 million. In the same period last year, the company posted a net loss of roughly €1.9 million.

The company said the loss was mainly tied to an additional Bitcoin impairment charge of about €67.5 million, booked using the BTC price on June 30. It said the charge had no cash impact.

Strategic Bitcoin reserve

As of Sept. 30, Capital B's strategic reserve stood at 3,538 BTC, up 25.3% from January. The total acquisition cost of those holdings was €310.6 million, with an average purchase price of €87,805 per BTC.

The announcement also confirmed that the strategic reserve remained at 3,538 BTC as of Oct. 15. Separately, the company held another 61 BTC for operations, which were not included in strategic reserve metrics.

Financing and liquidity

Capital B said it announced about €27.5 million in financing in the first half of the year. After the half ended and through the date of the announcement, it announced another roughly €31.7 million in financing.

As of Sept. 30, the company had €4.6 million in available cash. Including BTC held for operations, the combined value was about €9.1 million.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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