Bitcoin · U.S. Treasury · Crypto Briefing
Strip out that €67.5 million charge and the picture looks different
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Revenue rose 3.5% to €5.8 million in the half, coming from the company’s operating segments in data intelligence, AI, and tech consulting.
Key facts
- In September 2026, a €0.98 million equity raise funded the purchase of 13 BTC
- As of September 30, 2026, Capital B held 3,538 BTC in its strategic reserve
- Revenue rose 3.5% to €5.8 million in the half, coming from the company’s operating segments in data intelligence, AI, and tech consulting
- Those operating units also posted adjusted EBITDA of €0.6 million, up 9.8% year over year
Summary
A €67.5 million non-cash Bitcoin impairment drove the loss, while the Paris-listed treasury company's consulting arm kept growing. Capital B, the Paris-listed firm that calls itself Europe’s first dedicated Bitcoin Treasury Company, reported a net loss of €69.5 million for the first half of 2026. The company, which trades on Euronext Growth in Paris under the ticker ALCPB, published its half-year results on October 15. Strip out that €67.5 million charge and the picture looks different. Those operating units also posted adjusted EBITDA of €0.6 million, up 9.8% year over year.