French climate-technology company Boostheat has completely abandoned its short-lived corporate cryptocurrency strategy, liquidating its remaining digital assets after months of commercial inactivity, Boursier.com reported.
Boostheat Sells All Bitcoin to End Crypto Strategy
Boostheat sold its final holding of approximately 1.27 Bitcoin following the close of the first half of 2026, generating a gross return of 96 kE. This follows the earlier disposal of 2.17 Bitcoin during the first six months of the year for 144 kE. The combined sales eliminate the firm’s direct exposure to cryptocurrency market volatility. The digital asset reserve strategy was originally launched in 2025 under the direction of the company’s former chief executive officer.
With the final crypto liquidation complete, management has shifted its focus entirely toward sustaining basic operations, fulfilling its legal safeguard plan, and seeking out new business opportunities. The firm recorded zero revenue and no operating income during the first half of 2026 due to the complete lack of commercial activity.
Operating Losses and Financial Structure at Midyear 2026
Boostheat reported an operating loss of -270 kE for the six months ending June 30, 2026, compared to a loss of -219 kE during the same period in 2025. Total net losses for the first half of 2026 reached -530 kE. That figure marks a significant reduction from the -14,13 ME net loss recorded in the first half of 2025, a prior period heavily impacted by accounting adjustments related to financing conversion penalties.
The company’s balance sheet as of June 30, 2026, lists negative shareholders’ equity of -17,05 ME. Quasi-equity stands at 14,28 ME, which includes structured liabilities carried by HBR Investment Group alongside 1,1 ME in unconverted bonds.
Credit Line Draws Help Boostheat Meet Debt Obligations
During the first half of 2026, Boostheat drew down 125 kE from its active financing credit line. Company leadership used these funds, combined with capital from the cryptocurrency sales, to pay the annual installment required under its debt clearance agreement.
Boostheat remains fully compliant with its safeguard plan obligations as of June 30, 2026. Executive leadership expects that a streamlined cost structure and access to remaining credit facilities will maintain operations over the next 12 months. The company retains an estimated 3,3 ME in available, undrawn capacity under its existing financing line.
Strategic Outlook Amid Unfavorable Market Conditions
Market conditions remain challenging for the immediate redeployment of the company’s core hybrid thermal compression technology. As a result, management plans to dedicate its remaining resources to financial restructuring while actively searching for external partnerships or alternative operational models.
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