Belgravia Hartford Capital Inc. has recently shared important updates regarding its approach to managing Bitcoin assets and its financial instruments. This announcement comes as the company seeks to adapt to evolving market conditions while enhancing shareholder value. Key elements of this update include a significant repricing of its convertible debenture and a detailed overview of its current Bitcoin holdings.
Table of Contents:
Adjustments to the convertible debenture
The company has successfully negotiated a new agreement with Round13 Digital Asset Fund to adjust the terms of its US$5 million convertible debenture.
The conversion price will shift from C$0.71 to C$0.125 per share, pending approval from the Canadian Securities Exchange (CSE). This modification aligns the conversion terms with prevailing market dynamics and aims to stimulate the conversion of the debenture into equity.
Triggering conversion provisions
Under the revised arrangement, if Belgravia’s common shares maintain a trading price at or above C$0.17 for ten consecutive trading days, the company will have the option to announce the activation of the conversion provision. Following this announcement, Round13 will be granted a 30-day period to convert its debenture into common shares at the new price of C$0.125 per share. Any amounts not converted during this timeframe will revert to the original conversion price of C$0.71 for the remainder of the debenture’s term.
This strategic adjustment is intended to facilitate a comprehensive or substantial conversion of the debenture into equity, which will effectively decrease outstanding debt and improve Belgravia’s balance sheet. This approach not only aims to enhance long-term investor interests but also aligns with the company’s growth objectives.
Current status of the Bitcoin treasury
As of October 31, 2025, Belgravia’s Bitcoin treasury comprises a total of 83.14 BTC, distributed as follows:
- 26.55742 BTC – Fully owned by Belgravia, acquired at an average price of US$117,355.93 per BTC.
- 42.37753 BTC – Obtained using funds from the Round13 convertible debenture, with an average acquisition price of US$117,986.77 per BTC.
- 14.21448 BTC – Purchased through corporate credit facilities, averaging US$105,517.72 per BTC.
This diversified strategy in acquiring Bitcoin highlights Belgravia’s methodical approach to capital allocation and its commitment to treating Bitcoin as a fundamental treasury asset.
Framework for Bitcoin standard conversion
Belgravia has established a framework known as the Bitcoin Standard Conversion, under which the modified debenture maintains full backing with Bitcoin. Should Round13 opt not to convert the debenture by its maturity date, the associated 42.37753 BTC will be returned to them. This framework helps mitigate potential risks associated with Bitcoin price fluctuations while ensuring the stability of the company’s balance sheet and treasury.
Mehdi Azodi, the President and CEO of Belgravia Hartford, remarked on these developments: “This repricing is a strategic and shareholder-centric move. It allows for flexible conversion at a competitive market level, alleviates balance-sheet pressure, and strengthens our alignment with long-term shareholders and Bitcoin-based financing strategies. We believe this restructuring positions us among the pioneering Canadian public issuers incorporating Bitcoin into their capital framework, reinforcing our commitment to innovation, transparency, and financial robustness.”
Clarification of recent equity financing
The company has also provided clarity regarding its recent equity financing figures. On July 16, 2025, Belgravia completed an equity financing round, issuing a total of 15,543,822 units at a price of C$0.25 per unit, generating gross proceeds of C$3,885,955.50. This represents a slight adjustment from the initially reported 16,091,822 units and C$4,022,955.50 in gross proceeds.
It is important to note that these securities have not been registered under the United States Securities Act of 1933 and cannot be offered or sold within the United States or to U.S. persons unless appropriately registered or exempt.
About Belgravia Hartford
Belgravia Hartford Capital Inc. is an investment issuer listed on the Canadian Securities Exchange and OTCQB. The company focuses on opportunities within the technology and finance sectors of the Bitcoin ecosystem, emphasizing cryptocurrencies, artificial intelligence, and digital streaming. Belgravia’s investment portfolio includes both private and public companies operating in jurisdictions with strong legal frameworks. However, investments in Belgravia are considered high-risk and may expose shareholders to significant volatility and potential losses.
