Capital B posts wider H1 net loss of $78 million on bitcoin impairment charge

Capital B reported a net loss of $78 million for the first half, wider than a year earlier, largely due to an impairment charge on its bitcoin holdings. The charge reflects accounting treatment of Bitcoin’s price movements and does not necessarily indicate that the company sold its holdings. The results highlight how bitcoin exposure can add significant volatility to corporate earnings even when firms maintain their positions.