- Belgravia Hartford’s Bitcoin holdings now total 15.75 BTC.
- Institutional acquisition valued at $1 million.
- Transaction supports long-term Bitcoin strategy.
Belgravia Hartford Capital Inc. increased its Bitcoin holdings by 9.35 BTC, bringing the total to 15.75 BTC, in a strategic purchase conducted through Coinsquare’s regulated OTC desk.
CEO Mehdi Azodi highlights Bitcoin’s role in strengthening financial strategy and diversifying assets amidst institutional crypto adoption.
Belgravia Hartford Capital Inc., under the leadership of CEO Mehdi Azodi, completed a strategic Bitcoin purchase. The acquisition raises their holdings to 15.75 BTC at a cost averaging $105,449 per BTC. This move was supported by a $5 million credit facility from Round13 Digital Asset Fund L.P., reflecting institutional confidence in Bitcoin as a long-term asset. Azodi emphasized the decision aligns with Belgravia’s strategy to fortify their balance sheet, showcasing a deliberate commitment to the cryptocurrency sector.
“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.” — Mehdi Azodi, CEO, Belgravia Hartford Capital Inc.
The acquisition, valued at approximately $1 million, marks Belgravia’s fourth significant Bitcoin purchase. This aligns with the broader trend of institutional investments in crypto assets. Similar actions by larger companies have historically influenced Bitcoin market sentiment, though the scale of Belgravia’s investment remains proportionate to its own financial strategy rather than broader market dynamics.
Market observers note that the BTC purchase forms a significant part of Belgravia’s financial structuring. The use of regulated channels, such as Coinsquare’s OTC desk, ensures compliance and transparency in handling digital assets. Moreover, the absence of new disclosures concerning other cryptocurrencies like Ethereum indicates a focused Bitcoin investment strategy. Insights from past acquisitions suggest that this move is consistent with historical trends where regulated infrastructure bolsters trust in institutional buying. Since the company’s Bitcoin acquisition program started, it signals continued confidence in cryptocurrency as a treasury asset.
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