Belgravia Hartford Secures $1 Million to Expand Bitcoin Treasury

Belgravia Hartford, a publicly traded investment firm based in Toronto, has secured an additional $1 million to expand its Bitcoin treasury. This funding is part of a $5 million credit facility provided by Round13 Digital Asset Fund, a venture firm focused on blockchain investments. The latest drawdown brings the total amount accessed so far to $1.5 million, all of which will be used to purchase Bitcoin (BTC) through the Canadian cryptocurrency exchange Coinsquare’s regulated OTC desk.

This move is part of Belgravia Hartford's ongoing strategy to build a BTC-focused reserve. The company has been actively acquiring Bitcoin over the past few months, including a June 20 purchase of approximately 1.5 BTC for roughly $161,000. Currently, the firm’s treasury holds roughly 6.4 BTC, valued at slightly over $685,000 at current prices. Belgravia Hartford CEO Mehdi Azodi emphasized the company’s commitment to this strategy, stating that regularly adding BTC to the balance sheet is the best use of funds for accretive growth in shareholder value. The firm intends to continue using company funds for BTC purchases through ongoing cash injections from the exercise of existing and already issued convertible securities.

In addition to its recent drawdown, Belgravia Hartford has announced a fully Bitcoin-focused private placement to accelerate the growth of its treasury. This initiative aligns with a growing trend among Canadian firms that are increasingly tapping BTC as a reserve asset. The company's proactive approach to expanding its Bitcoin reserves underscores its confidence in the future of cryptocurrencies and its commitment to driving innovation in the financial industry. By integrating Bitcoin into its treasury management, Belgravia Hartford is positioning itself at the forefront of the digital asset revolution, enhancing its competitive edge and attracting more institutional clients looking to diversify their portfolios with cryptocurrencies.