For Belgravia Hartford Capital, a Toronto-based firm, that’s a hard-fought first strategic acquisition. This acquisition is included as a part of their recently adopted Bitcoin treasury culture. Belgravia Hartford Capital has done something unprecedented by putting a portion of its assets into Bitcoin. All of these funds are pursuing a strategy like that of MicroStrategy’s Michael Saylor. The company used $500,000 from its $5 million credit facility to acquire 4.86 BTC at an average price of approximately $102,848 per coin, inclusive of all associated costs.

Mehdi Azodi, the company’s CEO, was excited about the company’s new foray into the cryptocurrency market.

"We're happy to have entered the Bitcoin market at this moment." - Mehdi Azodi

Belgravia Hartford Capital’s team is already exploring opportunities to make this investment a profitable venture. Their rationale falls under maximizing value for shareholders and strengthening their Bitcoin strategy.

"We believe this summer will be an exciting time not just for Belgravia, but for the entire crypto space." - Mehdi Azodi

With the filing of its 2023 tax return, Belgravia Hartford Capital has taken a calculated risk. According to the filing, the company has more than CAD $44 million in non-capital losses. The company, together with Round13 Digital Asset Fund, plans to actively manage its Bitcoin treasury and secured credit facility.

Here’s how Business Wire covered this exciting announcement. This demonstrates Belgravia Hartford Capital’s commitment to leading the charge on incorporating digital assets into its financial strategy.