Belgravia Hartford Capital Inc. (CSE: BLGV) has entered the world of Bitcoin with its first acquisition as part of a strategic shift toward crypto treasury management. The company purchased 4.86 BTC for USD $500,000 at an average price of $102,848 per coin, using funds from a $5 million credit facility secured with Round13 Digital Asset Fund L.P.

CEO Mehdi Azodi said the timing of the purchase reflects confidence in Bitcoin and signals an active summer ahead for Belgravia and the broader crypto market. The company plans to monitor both its holdings and credit facility closely as part of its long-term digital asset approach.

Belgravia also announced a CAD $44.1 million non-capital tax loss following its 2023 filing, which can be used over the next 20 years. The firm is now working with legal and financial advisors to explore options to turn this tax asset into liquidity, supporting its Bitcoin strategy and strengthening the company’s balance sheet.

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