Belgravia Hartford Expands Bitcoin Holdings by 24%

Canadian investment firms are increasingly adopting Bitcoin as a strategic asset for their treasuries, with Belgravia Hartford Capital and Bitcoin Treasury Corporation leading the charge. Belgravia Hartford recently expanded its Bitcoin holdings by acquiring 1.5316351 BTC, bringing its total treasury to 6.39316479 BTC. The purchases were made at an average price of $105,013.65 per Bitcoin through Coinsquare’s regulated over-the-counter trading desk, funded by cash generated from shareholder exercises of convertible securities.

Belgravia Hartford’s strategic approach to Bitcoin accumulation involves balancing internal funds and external financing options. The company’s CEO, Mehdi Azodi, highlighted the importance of maintaining flexibility while pursuing a 100% Bitcoin treasury strategy. To enhance its digital asset leadership, Belgravia appointed Joey Cacciatore as Director of Bitcoin Strategy. Cacciatore’s extensive experience in the financial sector, including his family’s ownership of Lakeside Bank, brings valuable expertise and network connections to the firm. His appointment underscores Belgravia’s commitment to building credible leadership in the digital asset space.

Meanwhile, Bitcoin Treasury Corporation announced a significant acquisition of 292.80 BTC worth approximately $31.5 million. This purchase was funded through a recent $125 million share offering and marks the official launch of the corporation’s institutional Bitcoin accumulation program. The corporation plans to generate revenue by offering Bitcoin-backed lending services to institutional clients, maintaining long-term exposure to the cryptocurrency. This strategy represents a shift from simple treasury storage to active utilization of Bitcoin.

The coordinated announcements from Belgravia Hartford and Bitcoin Treasury Corporation reflect a growing trend of institutional Bitcoin adoption in Canada. Market observers note increasing interest from micro-cap companies seeking alternative value storage solutions, indicating broader institutional acceptance of Bitcoin’s role in corporate treasury management. Both firms emphasize Bitcoin’s potential for creating accretive shareholder value through systematic accumulation.

As regulatory clarity improves, market participants expect continued expansion of corporate Bitcoin treasury strategies. The Canadian market appears particularly receptive to these approaches, with multiple firms announcing similar initiatives. The strategic moves by Belgravia Hartford and Bitcoin Treasury Corporation highlight the growing confidence among Canadian firms in cryptocurrency as a treasury asset, positioning them at the forefront of this evolving landscape.