# Financial performance of European crypto-exposed firms

> Live situation record from CLSTR: https://clstr.news/situations/financial-performance-of-european-crypto-exposed-firms
> Updated: 2026-10-16T01:59:35.000Z. Sources: 7. Developments: 2.

During the first half of 2026, European companies with significant cryptocurrency exposure reported financial challenges. 

Bitcoin Group SE reported a revenue decline to €1.59 million, down from €3.78 million in the previous year. The company noted that trading on its marketplace, bitcoin.de, has been suspended since late June 2026 due to delays in obtaining a crypto-asset service provider license under the European Markets in Crypto-Assets (MiCAR) regulation. CEO Moritz Eckert stated that while technological infrastructure is complete, the company is awaiting regulatory approval.

Separately, Paris-listed Capital B reported a net loss of €69.5 million for the first half of 2026, a sharp increase from a €1.9 million loss in the same period in 2025. This loss was largely driven by a €67.5 million impairment charge related to the company’s Bitcoin holdings. Despite the loss, Capital B saw a 3.5% revenue increase in its data intelligence, AI, and tech consulting segments and increased its strategic Bitcoin reserve to 3,538 BTC as of September 30, 2026.

## Timeline

### 2026-10-16: Capital B reports €69.5M net loss driven by Bitcoin impairment

Capital B reported a €69.5 million net loss for H1 2026, largely due to a €67.5 million Bitcoin impairment charge, despite a 3.5% rise in underlying revenue.

4 sources. https://clstr.news/cluster/capital-b-reports-695m-net-loss-driven-by-bitcoin-impairment

### 2026-09-29: Bitcoin Group SE reports revenue decline amid MiCAR licensing delays

Bitcoin Group SE reports a revenue drop to €1.59 million in H1 2026 as trading on bitcoin.de remains suspended pending MiCAR regulatory approval.

3 sources. https://clstr.news/cluster/bitcoin-group-se-reports-revenue-decline-amid-micar-licensing-delays

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Cite as: Financial performance of European crypto-exposed firms. CLSTR, https://clstr.news/situations/financial-performance-of-european-crypto-exposed-firms
