TORONTO--(BUSINESS WIRE)--Belgravia Hartford Capital Inc. (CSE: BLGV) (OTC: BLGVF) (FRA: ECA) (“Belgravia” or the “Company”) is pleased to announce the closing of a convertible debenture financing with Round13 Digital Asset Fund (“Round13 DAF”) in the principal amount of USD $5,000,000. The entire proceeds from the debenture will be used by Belgravia to buy Bitcoin.
The debenture bears interest at a rate of 4% per annum, accrued monthly and paid at the end of the term, and matures two years from the closing date. Both the principal amount and accrued interest are convertible into common shares of Belgravia at a price of CAD $0.71 per share, representing a 40% premium to the volume-weighted average trading price (“VWAP”) of Belgravia’s common shares for the seven consecutive days as announced on July 16, 2025.
There are no warrants, commission or finders fees associated with this financing.
Belgravia will deploy the entire USD $5M to increase its Bitcoin holding from the 40.77 it holds currently. A further announcement will be made upon the completion of the full USD $5M Bitcoin purchase.
Mehdi Azodi, President & CEO of Belgravia Hartford said “During the last 60 days Belgravia has rapidly executed our initial Bitcoin strategy and delivered on our promise to commit 100% of the capital raised to buying Bitcoin. Our speed to deploying capital to buying Bitcoin will continue to be expedited to increase our growing Bitcoin Treasury. This financing marks a significant milestone for Belgravia as we continue to enhance our balance sheet and rapidly buy Bitcoin. The convertible debenture significantly reduces dilution given the convertible is priced at CAD $.71 and enables Belgravia to buy more Bitcoin than originally anticipated.”
In addition, the debenture includes a performance-triggered conversion feature:
If, at any time prior to the maturity date, the VWAP of Belgravia’s common shares on the Canadian Securities Exchange equals or exceeds C$1.42, or 200% of the conversion price, for 20 consecutive trading days, then 20% of the then-outstanding principal (together with a proportionate amount of accrued and unpaid interest) shall automatically convert into common shares of the Company without further action required by Round13 DAF.
For legal disclaimers and more information, please visit www.blgvbtc.com.
Contacts
Mehdi Azodi, President & CEO
Belgravia Hartford Capital Inc.
(416) 779-3268
mazodi@blgv.ca