Capital B Reports $78M H1 Loss as Bitcoin Holdings Jump 11%

• In the first half of 2026, Capital B reported a $78 million net loss, largely due to a $75.8 million Bitcoin impairment charge.
• Capital B increased its Bitcoin holdings by 11% and raised $30 million in new funding, despite negative earnings.

On October 16, 2026, Cointelegraph reported that Capital B, Europe’s second-largest Bitcoin treasury, recorded a $78 million net loss for the first half of 2026. The loss was driven mainly by a $75.8 million non-cash impairment charge, reflecting Bitcoin’s price as of June 30, 2026. This impairment represents an accounting adjustment, not a realized loss or an outflow from Capital B’s reserves.

Despite the headline loss, Capital B grew its Bitcoin holdings by 11.2% during the period, rising from 2,823 BTC to 3,139 BTC. The company also secured approximately $30 million in new capital, reinforcing its commitment to a crypto-centric strategy.

Revenue at Capital B rose year over year by 3.5% to $6.5 million, although adjusted EBITDA remained negative, underscoring persistent financial challenges. The company’s results highlight the volatility risk for firms with large Bitcoin treasuries, given prevailing accounting rules. Regardless, Capital B continued to invest in Bitcoin and expand its reserves, signaling ongoing confidence in the asset.

As of October 16, 2026, 15:09 UTC, Bitcoin is trading at $81,449.69, with a -0.60% change in 24-hour trading volume, according to CoinMarketCap.