French bitcoin Bitcoin (BTC) corporate treasury entity Capital B announced a bigger net loss for the initial six months of this year, primarily caused by an extra bitcoin impairment write-down as the organization kept growing its digital asset holdings.
The enterprise recorded a net loss of €69.5 million ($78.1 million) throughout the opening half of this year, contrasted with a net loss of €1.9 million ($2.1 million) during the corresponding timeframe last year, according to its half-year financial figures published on Thursday.
The documentation assigned approximately €67.5 million ($75.9 million) of the deficit to an additional bitcoin impairment debit determined by bitcoin’s valuation as of June 30, which the business noted carried zero liquidity impact.
Simultaneously, its top-line revenue increased by 3.5% year-over-year to reach €5.8 million ($6.5 million), compared against €5.6 million for the first half of 2025.
Stacked market caps of bitcoin treasury companies. Image: The Block.
Bitcoin holdings grow
The bitcoin reserve enterprise maintained its emphasis on accumulating the premier cryptocurrency.
As of September 30, its strategic bitcoin reserve expanded to reach 3,538 BTC, marking a 25.3% increase from the 2,823 BTC recorded in January. The firm documented a cumulative purchase expenditure of €310.6 million ($349.4 million), reflecting a mean price of €87,805 ($98,768) per individual bitcoin.
Capital B additionally registered a BTC yield of 2.2% across the first three quarters of this year, a performance indicator tracking the percentage fluctuation of bitcoin reserves relative to fully diluted shares.
To fuel its bitcoin treasury strategy, the corporation disclosed capital generation efforts amounting to €27.5 million ($30.9 million) during the first half of this year, followed by an extra €31.7 million ($35.6 million) secured between July 1 and October 15, per the release.
Previously recognized as The Blockchain Group, Capital B underwent a corporate rebranding in July 2025 to center its operations around its bitcoin treasury model.
During September, the enterprise purchased 376 BTC for €25.3 million ($28.4 million), representing its most substantial bitcoin buy of the period. This cryptocurrency acquisition was supported via recent funding rounds, featuring capital inputs from Blockstream chief executive officer Adam Back.
Originally published at https://www.theblock.co/news/business/2026-10-16-capital-b-wider-h1-net-loss-418781.
