Belgravia Hartford Capital adopts Bitcoin in the bilancio
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Belgravia Hartford Capital has announced its first acquisition of Bitcoin as an integral part of its new reserve strategy. This development reflects a growing global trend, where more and more companies are integrating bitcoin into their balance sheets to diversify and strengthen their financial position. The Initial Purchase of Bitcoin by Belgravia Hartford Capital Belgravia Hartford Capital Inc. (CSE:BLGV) has formalized the purchase of 4.86 bitcoin for 500,000 USD, with an average price of about 102,848 USD per BTC. This operation represents the first tranche taken from a credit line of 5 million USD granted by Round13 Digital Asset Fund L.P., thus signaling a concrete commitment towards the integration of bitcoin in the management of its capital. The CEO, Mehdi Azodi, emphasized the optimal timing of this investment: “We are very pleased to have entered the market at this time.” Furthermore, he stated that both Belgravia and Round 13 Digital Asset Fund will continue to closely monitor both the financing and the holdings in bitcoin, projecting towards an “active summer” from the perspective of cryptocurrencies and particularly bitcoin. The 5 million USD financing granted by Round13 represents an essential lifeline for Belgravia, which has decided to leverage financial resources to acquire criptovalute. This agreement highlights the growing importance of specialized partners in the digital sector to support innovative treasury strategies. Financial management and optimization of tax losses In addition to the purchase of bitcoin, Belgravia recently reported a non-capital tax loss of 44.1 million CAD for the fiscal year 2023. This loss, which does not concern equity capital but the operating result, can be carried forward for up to 20 years, thus offering a potential tax recovery opportunity. Mehdi Azodi highlighted how the company is collaborating with accounting, legal, and business consultants to find optimal solutions that allow for “monetizing…
Filed under: News - @ June 10, 2025 7:25 am