Belgravia Hartford Capital Expands Bitcoin Holdings by 60%

Belgravia Hartford Capital Inc. has recently expanded its Bitcoin holdings by acquiring an additional 9.35 BTC, bringing its total holdings to 15.75 BTC. This purchase was made at an average price of $106,918 per Bitcoin, totaling $1 million. The company's total Bitcoin holdings are now valued at approximately $1.66 million, with an average acquisition cost of $105,449 per BTC. The transaction was facilitated through a regulated OTC desk, ensuring a smooth and secure process.

The funds for this acquisition were provided through a $5 million credit facility secured from Round13 Digital Asset Fund L.P. This facility is part of Belgravia's long-term strategy to build exposure to Bitcoin as a strategic treasury asset. The first tranche of this facility was used to complete Belgravia’s initial Bitcoin acquisition, purchasing 4.86 BTC for $500,000 at an average price of $102,848 per Bitcoin. This marked the beginning of Belgravia’s broader initiative to allocate capital into Bitcoin.

Belgravia Hartford Capital Inc. remains committed to full transparency in its treasury operations and will continue to provide timely updates on all material developments. The company's CEO, Mehdi Azodi, expressed satisfaction with the acquisition, stating that after months of due diligence in the crypto sector, Belgravia believes Bitcoin offers a compelling opportunity to strengthen its balance sheet and support its long-term store-of-value strategy. Azodi also mentioned that Belgravia and Round13 DAF will continue to monitor the Facility and their holdings of BTC as they move into the anticipated active period for the company and the cryptocurrency market.

This acquisition aligns with the broader trend of institutional investments in crypto assets. Similar actions by larger companies have historically influenced Bitcoin market sentiment, though the scale of Belgravia's investment remains proportionate to its own financial strategy rather than broader market dynamics. The use of regulated channels, such as Coinsquare's OTC desk, ensures compliance and transparency in handling digital assets. Moreover, the absence of new disclosures concerning other cryptocurrencies like Ethereum indicates a focused Bitcoin investment strategy. Insights from past acquisitions suggest that this move is consistent with historical trends where regulated infrastructure bolsters trust in institutional buying. Since the company's Bitcoin acquisition program started, it signals continued confidence in cryptocurrency as a treasury asset.