Canadian companies are actively increasing their Bitcoin reserves. Belgravia Hartford and Bitcoin Treasury Corporation exemplify the growing interest in cryptocurrency.
Belgravia Hartford Increases Bitcoin Holdings
Belgravia Hartford, based in Toronto, is once again strengthening its Bitcoin reserves by pulling another $1 million from its credit line with Round13 Digital Asset Fund. This brings the total amount accessed to $1.5 million, which will be directed toward buying Bitcoin via the regulated OTC desk of Canadian cryptocurrency exchange Coinsquare. CEO Mehdi Azodi emphasized, ‘As a micro-cap, we have determined that regularly adding BTC to the balance sheet is our best use and store of funds.’
Accumulation Strategies by Bitcoin Treasury Corporation
On the same day, Bitcoin Treasury Corporation announced its acquisition of 292.80 BTC for approximately $31.5 million, marking the official start of its accumulation strategy. The purchase was funded through a recent $125 million share offering. The newly acquired Bitcoin will be used to offer lending services to institutions, helping to provide liquidity while managing risk.
Bitcoin as a Reserve Asset for Canadian Companies
Both Belgravia Hartford and Bitcoin Treasury Corporation emphasize their belief in Bitcoin's long-term potential and use it not just as a reserve asset, but also as a key part of their business model to generate revenue. This reflects the growing interest among Canadian firms in cryptocurrencies as reliable financial tools.
By increasing their Bitcoin reserves, Canadian companies like Belgravia Hartford and Bitcoin Treasury Corporation demonstrate a growing interest in cryptocurrencies as reliable assets for their financial futures.
