**[Capital B Reports Net Loss of €69.5 Million in H1, BTC Reserves Increase to 3,538 Units]** French Bitcoin treasury company Capital B released its 2026 semi-annual report, showing H1 revenue of €5.846 million, a year-on-year increase of 3.5%. The net loss was approximately €69.5 million, compared to a loss of approximately €1.86 million in the same period last year. The loss was primarily due to an impairment charge of approximately €67.5 million as of June 30, resulting from the decline in Bitcoin prices. This impairment does not involve cash outflows. As of September 30, the company's strategic Bitcoin reserves increased to 3,538 units, with a cumulative acquisition cost of approximately €310.6 million, averaging about €87,805 per Bitcoin. This represents a 25.3% increase compared to the 2,823 Bitcoins held as of January 2026. Year-to-date Bitcoin return stands at 2.2%.