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.
Capital B, Europe's second-largest Bitcoin treasury, reported a $78 million net loss for the first half of 2026. The company's impairment charge, totaling $75.8 million, stemmed from declining Bitcoin (BTC) prices as of June 30. Despite this significant loss, Capital B managed to raise $30 million in capital and boost its Bitcoin holdings by 11% during the same period, from 2,823 BTC in January to 3,139 BTC by June.
The company's total Bitcoin holdings expanded to 3,538 BTC by September 30, representing a 25% increase from the start of the year. Capital B's total treasury is valued at $290 million, making it the world's 25th-largest corporate Bitcoin treasury and Europe's second-largest. The company's stock price saw a 0.5% increase in early trading on Friday, although it remains down 25% year-to-date.
Capital B recently approved a 10-for-1 reverse stock split to attract more institutional investors and shareholders approved up to $120 billion in financing capacity to support its Bitcoin accumulation strategy.
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