**Belgravia Hartford Capital Expands Bitcoin Holdings with New Acquisition**
Belgravia Hartford Capital Inc. has successfully completed its fourth Bitcoin acquisition, purchasing 9.35 BTC for $1 million at an average price of $106,918 per Bitcoin. This latest acquisition brings the company’s total Bitcoin holdings to 15.75 BTC, valued at approximately $1.66 million, with an average acquisition cost of $105,449 per Bitcoin.
The transaction was executed through Coinsquare’s regulated OTC desk, allowing Belgravia to enhance its capital position in the cryptocurrency market. CEO Mehdi Azodi expressed confidence in Bitcoin’s potential, stating, “This financing enables Belgravia immediate and direct access to capital in order to execute our long-term Bitcoin acquisition mandate. After months of due diligence in the crypto sector, we believe Bitcoin offers a compelling opportunity to strengthen our balance sheet and support our long-term store-of-value strategy.”
The acquisition was made possible by a $5 million credit facility secured from Round13 Digital Asset Fund L.P., a prominent institutional investor focused on digital asset strategies. This facility is designed to support Belgravia’s Bitcoin Treasury Reserve Strategy, allowing the company to build long-term exposure to Bitcoin as a strategic treasury asset. Azodi noted, “We are very pleased to have entered the market at this time. Belgravia and Round 13 DAF will continue to monitor the Facility and our holdings of BTC as we move into the anticipated active summer for Belgravia, cryptocurrencies, and BTC in particular.”
The first tranche of the credit facility was utilized shortly after its approval to complete Belgravia’s initial Bitcoin acquisition, where the company purchased 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 remains committed to transparency in its treasury operations and will continue to provide timely updates on all material developments. Currently, insiders of the company hold approximately 36% of the outstanding shares.
In summary, Belgravia Hartford Capital’s strategic moves in the Bitcoin market reflect a growing confidence in the cryptocurrency’s potential as a long-term asset. As the company continues to expand its holdings, it positions itself for future growth in the evolving digital asset landscape.
**FAQ**
**What is Belgravia Hartford Capital’s strategy regarding Bitcoin?**
Belgravia Hartford Capital aims to build long-term exposure to Bitcoin as a strategic treasury asset, leveraging credit facilities to enhance its capital position in the cryptocurrency market.
