Fourth Bitcoin Acquisition Completed
Belgravia Hartford Capital Inc. (CNSX: BLGV), an investment holding company, has announced the completion of its fourth Bitcoin acquisition. The company purchased 9.35 BTC for $1 million at an average price of $106,918 per Bitcoin. The transaction was facilitated through Coinsquare's regulated OTC desk.
With this purchase, Belgravia's total Bitcoin holdings now stand at 15.75 BTC, valued at approximately $1.66 million at current prices. The company's average acquisition cost across all purchases is $105,449 per BTC.
Financing Source and Strategic Context
The acquisition was made possible through a USD $5 million credit facility secured from Round13 Digital Asset Fund L.P., a premier institutional investor focused on digital asset strategies. The facility, approved on June 9, is intended to support Belgravia's Bitcoin Treasury Reserve Strategy, enabling the company to build long-term exposure to Bitcoin as a strategic treasury asset.
“This financing enables Belgravia immediate and direct access to capital in order to execute our long term Bitcoin acquisition mandate,” stated CEO Mehdi Azodi. “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.” Azodi added that the company will continue to monitor the facility and Bitcoin holdings heading into what is expected to be an active summer for cryptocurrencies.
Initial Purchase and Insider Holdings
Belgravia's first Bitcoin acquisition occurred shortly after the credit facility approval, when it purchased 4.86 BTC for $500,000 at an average price of $102,848 per Bitcoin. This marked the beginning of the company's broader initiative to allocate capital into Bitcoin.
The company reaffirmed its commitment to full transparency in treasury operations and will provide timely updates on all material developments. Notably, insiders currently hold approximately 36% of the outstanding shares, demonstrating strong alignment with shareholder interests.