Eric Larchevêque's TBSO reports first half-year results after dropping Bitcoin treasury
- —H1 2026 revenue hit €1.45 million, up from €0.1 million for all of 2025
- —Net loss for the half-year was €940,835, break-even delayed
- —SKL platform had 972 members at June 30 and passed 1,000 in July
- —Treasury rose to €8.2 million after a June raise that netted €7.8 million
Why it matters: The failure of TBSO's Bitcoin treasury model shows how a first-quarter BTC slump can derail companies copying Strategy's playbook.
Source: Cryptoast