Canadian financial firm Belgravia Hartford has bolstered its Bitcoin treasury strategy through two major transactions: issuing CAD $5 million in convertible secured bonds and acquiring 4.8615 bitcoins.
The bond issuance equates to approximately $2.91 million USD under current exchange rates. Simultaneously, the company purchased Bitcoin for $500,000 USD at an average price of $102,848.29 per BTC, marking its inaugural allocation of the cryptocurrency to corporate reserves.
This dual initiative underscores Belgravia Hartford’s strategic pivot toward incorporating digital assets into its treasury management framework as it navigates evolving financial markets.