#Canada #Toronto #Convertible Debenture #Bitcoin Treasury #Belgravia Hartford

Belgravia Hartford Capital's Strategic Financial Update

Belgravia Hartford Capital Inc. (CSE: BLGV) (OTC: BLGVF) (FRA: ECA), a Canadian investment firm focused on the tech and finance sectors, has recently shared a significant corporate update regarding its Bitcoin treasury and a notable adjustment to its convertible debenture. This announcement reflects the company’s commitment to innovative financial practices and adaptability in the rapidly evolving cryptocurrency market.

Convertible Debenture Repricing

One of the primary highlights of this update is the repricing of Belgravia's US$5 million convertible debenture. In a recent agreement with Round13 Digital Asset Fund, Belgravia has adjusted the conversion price from C$0.71 per share to C$0.125 per share, pending approval from the Canadian Securities Exchange (CSE). This repricing is designed to better align with current market conditions and incentivize the conversion of the debenture into equity.

Under the newly amended terms, if the company's shares maintain a trading price at or above C$0.17 for 10 consecutive trading days (referred to as the “Trigger Price”), Belgravia will have the option to announce the triggering of this conversion provision. Following an announcement, Round13 will be given a 30-day window to convert its debenture into common shares at the new price of C$0.125 each. Any amounts not converted within this timeframe will revert to the original conversion price of C$0.71 for the remainder of the debenture’s term.

This strategic move aims to facilitate the conversion of the debenture into equity significantly, thereby reducing outstanding debt and aligning the interests of long-term investors with Belgravia's growth trajectory.

Bitcoin Treasury Overview

As of October 31, 2025, Belgravia's Bitcoin treasury consists of a total of 83.14 BTC, structured as follows:

• - 26.55742 BTC: Fully owned by Belgravia, acquired at an average price of US$117,355.93 per BTC.
• - 42.37753 BTC: Purchased using funding from the Round13 convertible debenture, with an average acquisition cost of US$117,986.77 per BTC.
• - 14.21448 BTC: Acquired through corporate credit facilities at an average price of US$105,517.72 per BTC.

This diversified approach showcases Belgravia's disciplined capital deployment strategy and its goal of integrating Bitcoin as a core asset within its treasury management.

Bitcoin Standard Conversion Framework

In alignment with the “Bitcoin Standard Conversion” framework, the revised debenture is backed entirely by Bitcoin. Should Round13 opt not to convert the debenture by maturity, the associated 42.37753 BTC will revert to them. This design minimizes risks associated with Bitcoin's price fluctuations, ensuring the stability of Belgravia's balance sheet and treasury assets.

Mehdi Azodi, the President and CEO of Belgravia Hartford, emphasized the significance of this repricing as a prudent step towards enhancing shareholder value. He stated, “This repricing provides flexibility for conversion at a fair market level, supports our strategy to alleviate balance sheet constraints, and places us on a path to align with the long-term interests of our shareholders and Bitcoin-focused financing principles.”

Recent Financing Adjustments

Belgravia also addressed its recent equity financing activities, announcing that as of July 16, 2025, it successfully completed an equity financing round. The final adjustments indicate that the company issued 15,543,822 units at a price of C$0.25 per unit, resulting in gross proceeds amounting to C$3,885,955.50. These figures reflect a minor alteration from the previously reported numbers.

The shares have not been registered under the U.S. Securities Act of 1933 and cannot be sold in the United States unless appropriately registered or exempted from such requirements.

Conclusion

Belgravia Hartford Capital continues to position itself strategically within the ever-expanding cryptocurrency and financial technology sectors. With its comprehensive updates regarding the Bitcoin treasury and the convertible debenture, the company showcases its commitment to innovative financial management and strengthening shareholder relationships. Amidst a landscape filled with volatility and rapid changes, Belgravia appears poised to navigate the complexities of the market while reinforcing its financial foundation.

For more information on Belgravia Hartford Capital and its innovative approach to capital structure and investment, please visit www.blgvbtc.com.