Belgravia Hartford Capital Inc. has acquired 9.35 BTC for $1 million, bringing total BTC holdings to 15.75. The average acquisition cost across purchases is approximately $105,449 per BTC. A USD $5 million credit facility from Round13 Digital Asset Fund was secured to support this Bitcoin Treasury Reserve Strategy. CEO Mehdi Azodi believes Bitcoin presents a strong opportunity for enhancing the balance sheet and long-term value preservation. Belgravia plans to continue monitoring BTC activities amid an expected active summer for cryptocurrencies.
Belgravia Hartford Capital Inc. has completed its fourth Bitcoin acquisition, purchasing 9.35 BTC for $1 million at an average price of $106,918 per Bitcoin.
Belgravia's total Bitcoin holdings now stand at 15.75 BTC, valued at approximately $1.66 million, with an average acquisition cost of $105,449 per BTC.
This financing enables Belgravia immediate and direct access to capital in order to execute our long term Bitcoin acquisition mandate, stated CEO of Belgravia Mehdi Azodi.
The credit facility from Round13 Digital Asset Fund is intended to support Belgravia's Bitcoin Treasury Reserve Strategy, allowing the company to build long term exposure to Bitcoin.
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