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France-listed Bitcoin treasury company Capital B reported a net loss of 69.5 million euro ($78 million) for the first half of 2026, driven by a Bitcoin impairment charge of $75.8 million.The impairment reflected Bitcoin (BTC) prices as of June 30 and had no direct cash impact, according to the company’s first-half 2026 report, published Thursday.Still, Capital B’s consolidated revenue rose 3.5% year-over-year to $6.5 million, while adjusted EBITDA was negative $1.2 million. EBITDA measures a company’s earnings before interest, taxes, depreciation and amortization.The results show that the European Bitcoin treasury firm continued raising funds to fuel its Bitcoin accumulation despite the accounting losses. Capital B announced capital raises totaling $30 million in the first half of the year and increased its Bitcoin holdings by 11%, from 2,823 BTC in January to 3,139 BTC by the end of June. The company’s total holdings subsequently reached 3,538 Bitcoin by Sept. 30, marking a 25% increase from the beginning of the year. Capital B’s treasury is currently worth $290 million, ranking it as the world’s 25th-largest corporate Bitcoin treasury and Europe’s second-largest by holdings, following Germany-based Bitcoin Group, according to Bitcointreasuries.Capital B’s stock price rose by 0.5% in early morning trading on Friday, but was down 25% year-to-date, according to Yahoo Finance.In July, Capital B approved a 10-for-1 reverse stock split aimed at broadening its institutional investor base. In June, its shareholders approved up to $120 billion in financing capacity, including equity and credit instruments, to support the company’s Bitcoin accumulation strategy.Related: Bitcoin will become ‘less volatile’ and larger than gold: ‘The Bitcoin Standard’ authorCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
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Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy.
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The Hex (HEX) token fell nearly 30% in the past 24 hours after local media reports of founder Richard Schueler, also known as Richard Heart, being detained by authorities in Istanbul.The HEX token declined to $0.0006 as of 11:28 am UTC on Thursday, erasing about $160 million from its market capitalization, from more than $500 million on Wednesday to $340 million by press time, according to CoinMarketCap. It previously topped $0.44 in September 2021.On Wednesday, news outlet Ihlas Haber Ajansı (IHA) reported that Schueler and his wife were detained in Istanbul by Turkish authorities. Police reportedly seized multiple devices, hardware wallets, jewelry and handguns.The reported arrest comes nearly two years after the world’s largest international police organization, Interpol, issued a “Red Notice” for Schueler for allegedly committing tax fraud and assault, with Finnish authorities seeking his arrest.A spokesperson for Finland’s National Bureau of Investigations declined to comment on the matter.Schueler was also listed on Europe’s most wanted fugitives list on similar allegations, claiming that he “physically assaulted a 16-year-old victim by grabbing their hair, dragging them into the stairwell and knocking them to the ground.”In July 2023, the US Securities and Exchange Commission (SEC) sued Schueler, alleging he raised $1 billion in an unregistered securities offering and misappropriated at least $12 million.US District Judge Carol Bagley Amon dismissed the case in February 2025, after ruling that the activities were not sufficiently directed at US investors. In April 2025, the SEC said it didn’t intend to refile its securities fraud complaint against Schueler.Related: Finnish police seize watches worth $2.6M from Hex founder Richard Heart: ReportCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
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Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy.
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