Belgravia Hartford has taken another million dollars from the credit line to buy more Bitcoin.
The company currently holds 6.4 BTC as part of its growing financial strategy.
CEO Mehdi Azodi says Bitcoin is key to promoting long-term shareholder value.
Crypto Bulls, you need to be careful about this!
Bitcoin is becoming more than a reserve asset for Canadian companies. This week, two companies took concrete steps to build on it, showing a clear change in how BTC fits into corporate finance.
Details are shown below.
Belgravia Hartford adds another $1 million to Bitcoin bet
Toronto-based investment company Belgravia Hartford is building the Bitcoin Treasury with fresh capital. This week we withdraw another $1 million from our credit line with the Round13 Digital Asset Fund. This has led to a draw so far to $1.5 million, and everything goes directly into Bitcoin.
The company purchases BTC through a regulated OTC desk on Coinsquare, one of Canada’s leading crypto exchanges. This is part of a broader strategy.
Belgravure recently bought 1.5 btc on June 20th for around $161,000. This brings the total Bitcoin holdings to 6.4 BTC, worth around $685,000 at its current price.
CEO Mehdi Azodi is clear about the company’s direction.
“As a microcap, we have determined that adding BTC regularly to our balance sheet is our best use and storage, and that such activities are now essential to increasing shareholder value,” he said.
Let’s simplify this.
Belgravia considers Bitcoin to be the smartest way to use funds now. The company has also launched a privately owned placement centered on Bitcoin to raise more capital and continue to build BTC reserves.
Bitcoin Treasury Corporation makes its first move
On the same day, another player stepped into the spotlight. Canada-based Bitcoin Treasury Corporation, a company focused on the institution’s Bitcoin services, revealed its first major BTC purchase of 292.80 BTC, worth around $31.5 million.
The purchase is funded by a $125 million share offer, which is just the beginning of the company’s accumulation strategy. But keeping Bitcoin is not the ultimate goal here! They will provide liquidity while managing risk and use it for lending to institutions.
The company has made its long-term view clear. Bitcoin is now a key part of how they plan to grow and operate.
Biggest changes in Canada’s Bitcoin strategy
Both movements show a growing trend. Canadian companies are taking Bitcoin seriously.
Belgravya is slowly building its Ministry of Finance. Bitcoin Treasury Corporation jumps in with size and utility. Together, they reflect the huge changes that are happening in Canada. There, BTC is not treated like a hedge, it is like an important financial tool.
We’ll be happy to keep you updated on how this story is formed!
