Cryptocurrency investors need to pay attention: Bitcoin is becoming an important financial tool in Canada.
Bitcoin is quickly rising beyond its mere reserve role within Canadian businesses. This week, two companies have taken specific steps, marking a distinct shift in how BTC is integrated into corporate finance.
Belgravia Hartford increases its $1 million investment in Bitcoin.
Belgravia Hartford, an investment firm in Toronto, continues to increase its Bitcoin reserves with new funding – just withdrew an additional $1 million from its credit line with Round13 Digital Asset Fund. The total withdrawn capital so far amounts to $1.5 million, all of which has been directly invested in Bitcoin.
The company purchases BTC through a strictly regulated OTC exchange at Coinsquare, one of Canada's leading cryptocurrency exchanges, as part of their comprehensive strategy.
On June 20, Belgravia purchased 1.5 BTC for approximately $161,000, increasing its total BTC holdings to 6.4 coins, equivalent to a value of over $685,000 at current prices.
CEO Mehdi Azodi clearly states his viewpoint:
"As a small-cap business, we see the regular addition of Bitcoin to our balance sheet as the most efficient use of capital, and this is essential for increasing shareholder value."
Simply put, Belgravia sees Bitcoin as the optimal tool for utilizing and storing capital in the current context. The company is also implementing a private fundraising round focused on Bitcoin to expand its BTC reserves.
Bitcoin Treasury Corporation launches a large accumulation strategy.
On the same day, another entity joined the Bitcoin game: Bitcoin Treasury Corporation, a company specializing in providing Bitcoin services to organizations in Canada, announced its first notable purchase transaction – 292.8 BTC, valued at approximately $31.5 million.
This transaction is funded by a $125 million equity issuance, just the beginning of the company's strong accumulation strategy. However, the goal is not merely to hold but also to use Bitcoin as collateral for loans, enhancing liquidity and effectively managing risk for institutions.
Bitcoin Treasury Corporation has a clear long-term vision, viewing Bitcoin as an essential part of its business development and operational strategy.
The trend of changing Bitcoin strategies in Canada.
Both of these moves indicate a growing trend: Canadian companies are seriously viewing Bitcoin as a core financial tool. Belgravia Hartford is cautiously building reserves while Bitcoin Treasury Corporation is acting on a large scale with high applicability.
Bitcoin is no longer just a hedge tool but is being brought to the center of corporate financial strategy, a powerful signal of widespread acceptance in the traditional business environment.
We will continue to update the latest developments in this story!
Source: https://tintucbitcoin.com/belgravia-hartford-rot-them-1-trieu-usd-bitcoin/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
