Exchanges· ★★· bearish·

Capital B posts €69.5M loss on bitcoin writedown in half-year results

  • —Net loss widened to €69.5M from €1.9M a year earlier
  • —Bitcoin writedown of €67.5M had no cash impact
  • —BTC reserve rose 25.3% since January to 3,538 coins
  • —Average purchase price of the reserve was €87,805 per bitcoin
Why it matters: The filing shows how mark-to-market losses on corporate bitcoin treasuries can hit earnings even when no coins are sold.
#BTC
Source: The Cryptonomist (IT)
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