Fourth Bitcoin Acquisition Details
Belgravia Hartford Capital Inc. (CNSX: BLGV) has announced the completion of its fourth Bitcoin acquisition, purchasing 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. The company's average acquisition cost across all purchases is $105,449 per BTC.
CEO Mehdi Azodi stated: "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."
Financing Arrangement and Institutional Support
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.
Azodi added: "We are very pleased to have entered the market at this time. Belgravia and Round13 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."
Initial Acquisition Background and Transparency Commitment
The first tranche of the facility was used shortly after its approval to complete Belgravia's initial Bitcoin acquisition. The company purchased 4.86 BTC for $500,000 at an average price of $102,848 per Bitcoin, marking the beginning of its broader capital allocation initiative.
Belgravia Hartford remains committed to full transparency in its treasury operations and will provide timely updates on all material developments. Insiders of the company currently hold approximately 36% of the outstanding shares, demonstrating strong management alignment.