TLDRCapital B reported a €69.5 million net loss for H1 2026, compared with €1.9 million one year earlier.A €67.5 million non-cash Bitcoin impairment charge accounted for most of the reported loss.Revenue rose 3.5% to €5.8 million as the company’s consulting businesses continued operating.Capital B held 3,538 BTC by September 30, up 25.3% from January.The company reported a 2.2% year-to-date BTC yield and continued raising funds for Bitcoin purchases.French Bitcoin treasury company Capital B reported a €69.5 million net loss for the first half of 2026, compared with €1.9 million a year earlier. Its October 15 financial statement linked most of the loss to changes in the recorded value of its Bitcoin holdings.Bitcoin charge drives wider lossThe company recorded a €67.5 million Bitcoin impairment charge at June 30. Capital B said the adjustment reduced reported earnings without using cash. Its financial result fell to a €67.5 million loss, compared with roughly €100,000 previously.Revenue increased 3.5% to €5.8 million from €5.6 million. Meanwhile, its data intelligence, artificial intelligence and technology consulting businesses generated €640,000 in adjusted operating earnings, up 9.8%. Group adjusted earnings before interest, taxes, depreciation and amortization remained negative at €1.1 million.Capital B expands Bitcoin reservesCapital B held 3,538 Bitcoin in its strategic reserve by September 30, up from 2,823 in January. It spent €310.6 million acquiring those coins, averaging €87,805 each. Separately, Strategy purchased another 250 Bitcoin during October’s second week.As of June 30, Capital B’s reserve stood at 3,139 BTC. The company later increased that amount through additional purchases, including a September acquisition of 376 BTC for €25.3 million.Capital B reported a 2.2% Bitcoin yield for the first nine months. This measure tracks the change in Bitcoin held per fully diluted share rather than investment returns paid to shareholders.Capital raising continuesThe company announced €27.5 million in fundraising during the first half. It reported another €31.7 million between July and October 15. Elsewhere, Metaplanet announced a share buyback plan alongside financing changes involving its Bitcoin treasury.Capital B’s funding included investments from Blockstream chief executive Adam Back. On October 15, Bitcoin Magazine reported on X that Britain’s Smarter Web Company bought 83 BTC, raising holdings to 2,830. Both firms maintain Bitcoin treasury strategies, but Capital B holds more coins.Cash reserves and wider marketCapital B had €4.6 million in available cash at September’s close. It held 61 Bitcoin for operating needs, separate from its strategic reserve. Meanwhile, new MSCI index eligibility rules raised questions about Strategy’s index membership.The company said its available cash and operating Bitcoin totaled €9.1 million at September 30. Capital B trades on Euronext Growth Paris under ALCPB and continues operating technology consulting subsidiaries alongside its Bitcoin treasury activities.The post Capital B Reports €69.5M Loss Despite Bitcoin Buying appeared first on Blockonomi.