Canada’s Belgravia Hartford Pulls Another $1M to Stack Bitcoin Treasury

Crypto bulls, you’ve got to take note of this! 

Bitcoin is quickly becoming more than a reserve asset for Canadian companies. This week, two firms took concrete steps to build with it, marking a clear shift in how BTC fits into corporate finance.

Here are more details. 

Belgravia Hartford Adds Another $1M to Its Bitcoin Bet

Toronto-based investment firm Belgravia Hartford is building its Bitcoin treasury with fresh capital – this week pulling another $1 million from its credit line with Round13 Digital Asset Fund. That brings its total draw so far to $1.5 million, all going straight into Bitcoin.

The company is buying BTC through the regulated OTC desk at Coinsquare, one of Canada’s leading crypto exchanges. This is part of a broader strategy.

Belgravia recently purchased 1.5 BTC for around $161,000 on June 20. That brings its total Bitcoin holdings to 6.4 BTC, valued at roughly $685,000 at current prices.

CEO Mehdi Azodi is clear about the company’s direction.

“As a micro-cap, we have determined regularly adding BTC to the balance sheet is our best use and store of funds and that such activity is currently imperative for accretive growth in shareholder value,” he said.

Let’s simplify this. 

Belgravia sees Bitcoin as the smartest way to use its funds right now. The company also launched a Bitcoin-focused private placement to raise more capital and keep building its BTC reserves.

Bitcoin Treasury Corporation Makes a First Move

On the same day, another player stepped into the spotlight. Bitcoin Treasury Corporation, a Canada-based firm focused on institutional Bitcoin services, revealed its first major BTC buy: 292.80 BTC, worth about $31.5 million.

The purchase was funded by a $125 million share offering, and it’s just the beginning of the company’s accumulation strategy. But holding Bitcoin isn’t the end goal here! They plan to use it for lending to institutions, offering liquidity while managing risk.

The company is clear on its long-term view. Bitcoin is now a key part of how they plan to grow and operate.

A Bigger Shift in Canada’s Bitcoin Strategy

Both moves point to a growing trend: Canadian companies are getting serious about Bitcoin.

Belgravia is slowly building its treasury. Bitcoin Treasury Corporation is jumping in with size and utility. Together, they reflect a bigger shift happening in Canada – where BTC is being treated less like a hedge, and more like an important financial tool. 

We’ll keep you updated on how this story shapes up!