Belgravia Hartford Secures $5 Million Convertible Bond to Boost Bitcoin Holdings
Main Idea
Belgravia Hartford secured a $5 million convertible bond from Round 13 Digital Asset Fund to expand its Bitcoin holdings, reflecting institutional confidence in cryptocurrency.
Key Points
1. Belgravia Hartford finalized a $5 million convertible bond financing with Round 13 Digital Asset Fund to increase its Bitcoin holdings.
2. The company currently holds 40.77 BTC and plans to announce further purchase details upon completion of the transaction.
3. Convertible bonds provide flexible financing for companies in volatile markets, making them popular for crypto investments.
4. This move aligns with broader institutional trends showing rising confidence in Bitcoin's role in diversified portfolios.
5. The funds will be allocated to expand Belgravia Hartford's Bitcoin holdings beyond its current 40.77 BTC.
Description
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