I’m not entirely sure why, but I find myself oddly intrigued by the financial shenanigans of Belgravia Hartford Capital Inc. Maybe it’s the promise of big numbers? Anyway, they’ve just grabbed some more Bitcoin – fourth time, actually. They snagged 9.35 BTC for a cool million dollars. That’s like $106,918 per coin. Yeah, numbers, right?
So, this tweet pops up on my feed. It’s from Belgravia themselves, boasting about their new stash: 9.35295508 BTC for $1,000,000.00 at $106,918.08 per BTC. They’re sitting on 15.75 BTC now. If it sounds like a mouthful, it’s because it is. But hey, worth about $1.66 million altogether – a nice little piggy bank, if you ask me.
The CEO, Mehdi Azodi, had a bit to say about it too. Apparently, it’s all part of their grand plan. After diving into the crypto deep end for months, they reckon Bitcoin’s the golden ticket to a rock-solid balance sheet. Something about a “store-of-value strategy.” Whatever floats their boat, I guess.
Thing is, they didn’t just pull this cash out of thin air. Their buddies over at Round13 Digital Asset Fund L.P. handed them a hefty $5 million credit facility. It’s like saying, “Here’s a bunch of cash. Go buy digital gold.” And that’s just what they’re doing – building up their Bitcoin war chest.
Azodi seems pretty stoked about jumping in now, and who can blame him? Summer’s heating up, not just the weather but the crypto buzz too. Round13 and Belgravia are keeping their eyes peeled on their stash – as if watching them grow will make them sprout wings.
Oh, and quick rewind to their first dip. They snapped up 4.86 BTC for $500,000 at $102,848 each. Gosh, feels like ages ago, but it was just their baby step into this wild Bitcoin journey.
Before I completely forget where I started, the company’s all about transparency, or so they say. They promise to spill the beans on any juicy developments. Fun fact: company insiders hold about 36% of the shares.
Anyway, that’s the gist. Or my Saturday ramble. Crypto, numbers, boardroom strategy – a strange but fascinating mix.
