
Toronto's Belgravia Hartford Acquires Bitcoin, Utilizes Credit Facility in Treasury Strategy
Bitcoin enters the ledger
Credit fuels the move
TORONTO - Belgravia Hartford Capital Inc. (CSE:BLGV)(OTC:BLGVF)(FRA:ECA), a Toronto-based company, has made its first Bitcoin purchase as part of its newly implemented treasury strategy [1][2][3].
On June 9, 2025, Belgravia Hartford announced the acquisition of 4.86152969 Bitcoin (BTC) for USD $500,000. The purchase was made at an average price of USD $102,848.28683212 per BTC, inclusive of all fees and expenses [1][2][3].
This purchase follows the company's recent agreement to a credit facility of up to USD $5,000,000 from Round13 Digital Asset Fund L.P. ('Round 13 DAF'), as announced on May 28 and June 4, 2025. Belgravia has accepted the first tranche drawdown of USD $5,000,000 from this facility [1][2][3].
The move represents a significant step in Belgravia Hartford's Bitcoin treasury strategy, signaling the company's entry into the cryptocurrency market. This development comes at a time when Bitcoin's price has reached over $100,000 per coin, reflecting the continued growth and mainstream adoption of cryptocurrencies [1][2][3].
While the company has made this initial purchase, it has not disclosed any plans for future acquisitions or how it intends to utilize the remaining credit facility. The impact of this strategy on Belgravia Hartford's financial position and future operations remains to be seen [1][2][3].
As cryptocurrencies continue to gain traction in the corporate world, Belgravia Hartford's move underscores the growing trend of companies diversifying their treasury strategies to include digital assets [1][2][3].