Company Description
Belgravia Hartford Capital Inc. (OTCQB: BLGVF; CSE: BLGV) is an investment issuer focused on the tech and finance sectors of the Bitcoin ecosystem. According to its stated 2018 Investment Policy, the company concentrates on opportunities in cryptocurrencies, artificial intelligence, media and digital streaming. Belgravia invests in a portfolio of private and public companies located in jurisdictions governed by the rule of law, and characterizes both itself and its investments as high risk holdings that may expose shareholders to significant volatility and losses.
Business focus and investment policy
Belgravia Hartford describes itself as an investment issuer with a mandate centered on the Bitcoin ecosystem and related technology and financial applications. Its focus areas, as repeatedly outlined in company news releases, include:
- Cryptocurrencies, with a particular emphasis on Bitcoin as a treasury reserve asset and as part of its capital structure.
- Tech and finance opportunities connected to the Bitcoin ecosystem.
- Artificial intelligence, as specified in its investment policy.
- Media and digital streaming opportunities.
The company states that it invests in both private and public companies and that it seeks opportunities in jurisdictions governed by the rule of law. This framework shapes how Belgravia allocates capital across its portfolio and structures its own balance sheet.
Bitcoin treasury and capital structure
A defining element of Belgravia Hartford’s strategy is its Bitcoin treasury. In multiple corporate updates, the company explains that it has committed financing proceeds to acquiring Bitcoin and has integrated Bitcoin into its financial modeling. Belgravia has used equity financings, a convertible debenture and credit facilities to build and manage its Bitcoin holdings, and has described this approach as a "Bitcoin treasury strategy" and a "Bitcoin Standard" framework.
The company has disclosed that it:
- Uses capital raised through private placements and a convertible debenture to purchase Bitcoin.
- Holds Bitcoin both on an unencumbered basis and in connection with financing arrangements.
- Has structured a Bitcoin-backed convertible debenture where Bitcoin acquired with debenture proceeds may be returned to the debenture holder if conversion does not occur by maturity.
- Has used a Bitcoin Standard agreement and related loan agreement to secure and then repay a line of credit using Bitcoin held under that agreement.
Belgravia has highlighted that eliminating debt linked to its Bitcoin holdings can reduce balance sheet overhang and loan-related exposure, while maintaining a Bitcoin-focused treasury. The company has also discussed using amended debenture terms and potential equity and convertible debenture financings to support this strategy.
Bitcoin Standard and risk profile
Belgravia Hartford has described itself as one of the first Canadian public issuers to integrate Bitcoin directly into its capital structure. Through its "Bitcoin Standard Conversion" framework, the company links debt and equity financing terms to Bitcoin holdings and market conditions. It has also entered into a Bitcoin Standard agreement in connection with a line of credit, under which Bitcoin was held and later used to repay the loan.
In its own disclosures, Belgravia repeatedly emphasizes that its investments and strategy are high risk. The company warns that its holdings and activities may expose shareholders to significant volatility and potential losses. This risk profile is tied both to the nature of Bitcoin and cryptocurrencies and to the speculative characteristics of many tech, finance, AI, media and digital streaming ventures.
Bitcoin mining pool and operating activities
In addition to investment activities and treasury management, Belgravia Hartford has announced that it operates a multi-protocol Bitcoin mining pool. The company states that, to its knowledge, it is the first public company to operate a mining pool that simultaneously supports:
- Stratum V1 for pool‑coordinated mining.
- Bitcoin Knots for miner‑controlled policies.
- DATUM for maximum decentralization with miner‑built block templates and direct payouts.
A technical advisor quoted by the company explains that this structure is intended to give miners choices over decentralization and autonomy, and that a share of fees from all supported protocols flows to Belgravia’s treasury. The company characterizes this mining pool as an operating business that can generate revenue and contribute to increasing and compounding its Bitcoin reserves.
Financing, debentures and credit arrangements
Belgravia Hartford has disclosed several financing arrangements related to its Bitcoin strategy:
- A convertible debenture in the principal amount of US$5,000,000 with Round13 Digital Asset Fund, with proceeds dedicated entirely to purchasing Bitcoin.
- Amended terms on this debenture, including a repriced conversion rate and an acceleration provision tied to the trading price of Belgravia’s common shares.
- A line of credit with Round13 Digital Asset Fund L.P., structured under a Bitcoin Standard agreement and related loan agreement, which was repaid by returning Bitcoin held under the agreement.
- Potential short‑term loans from insiders, which the company has indicated may be structured as convertible loans subject to regulatory approval and final documentation.
Belgravia has described these arrangements as tools to support its working capital and Bitcoin treasury while managing dilution and debt levels. The company has also stated that it seeks to align long‑term investor interests with its Bitcoin‑based financing principles.
Strategic relationships and memberships
The company has reported several relationships and initiatives that support its Bitcoin and investment focus:
- A non‑binding letter of intent with DelphX Capital Markets Inc. under which Belgravia is expected to become the first corporate purchaser of a QCS collateralized put option designed to protect and preserve corporate Bitcoin treasury holdings, subject to definitive agreements and conditions.
- Advisory and structuring support that Belgravia expects to provide to DelphX in connection with the anticipated launch of QCS, including assistance with documentation, compliance processes and onboarding coordination.
- Membership in the Future Investment Initiative (FII) Institute and attendance at an FII conference, which the company describes as an opportunity to engage with global leaders and explore avenues related to its Bitcoin treasury, royalty holdings and litigation interests.
- Engagement of a strategic advisor to its Bitcoin treasury team with a background in Bitcoin‑focused media and conferences.
These activities reflect Belgravia’s stated goal of expanding its international profile, cultivating strategic relationships and advancing initiatives linked to its Bitcoin treasury and broader investment strategy.
Royalty and litigation interests
Belgravia Hartford has disclosed that it holds a royalty related to the sale of the Ochoa asset in 2017 and that it is involved in litigation with Polynatura Corp. in the United States District Court for the District of New Mexico. The company describes this matter as relating to an audit and inspection dispute and has indicated that it will provide further updates as appropriate. Belgravia has also linked its participation in international investment forums to opportunities connected to its royalty holdings and litigation interests.
Trading venues and shareholder base
Belgravia Hartford Capital Inc. is listed on the Canadian Securities Exchange under the symbol BLGV and on the OTCQB market under the symbol BLGVF. The company has highlighted its successful application and approval process for the OTCQB listing and has stated that this listing enhances its accessibility to U.S. investors and supports the expansion and diversification of its U.S. shareholder base.
In corporate communications, Belgravia has also reported on shareholder participation in its annual general meeting, approval of corporate matters such as the number of directors, appointment of auditors, stock option plans and a shareholder rights plan, and the election of directors.
Risk considerations
Across multiple news releases, Belgravia Hartford emphasizes that it and its investments are considered high risk holdings. The company explicitly notes that its strategy may expose shareholders to significant volatility and losses. This caution applies to its Bitcoin treasury activities, its use of leverage and convertible instruments, and its investments in cryptocurrencies, AI, media, digital streaming and related tech and finance ventures.
FAQs about Belgravia Hartford Capital Inc. (BLGVF)
- What does Belgravia Hartford Capital Inc. do?
Belgravia Hartford Capital Inc. is an investment issuer focused on the tech and finance sectors of the Bitcoin ecosystem. According to its investment policy, it targets opportunities in cryptocurrencies, artificial intelligence, media and digital streaming, investing in private and public companies in jurisdictions governed by the rule of law.
- How is Bitcoin integrated into Belgravia Hartford’s business?
The company has built a Bitcoin treasury by using proceeds from equity financings, a convertible debenture and credit facilities to acquire Bitcoin. It has also structured financing instruments, including a Bitcoin‑backed convertible debenture and a Bitcoin Standard agreement for a line of credit, that directly link its capital structure to its Bitcoin holdings.
- What is Belgravia Hartford’s risk profile?
Belgravia states that it and its investments are high risk holdings. The company warns that its activities, particularly its focus on Bitcoin and other speculative sectors, may expose shareholders to significant volatility and potential losses.
- On which exchanges does Belgravia Hartford trade?
Belgravia Hartford Capital Inc. is listed on the Canadian Securities Exchange under the symbol BLGV and on the OTCQB market under the symbol BLGVF. The company has also referenced trading in Frankfurt under the symbol ECA in its news releases.
- What is Belgravia Hartford’s Bitcoin Standard Conversion framework?
The Bitcoin Standard Conversion framework refers to the company’s approach of backing a convertible debenture with Bitcoin acquired using debenture proceeds. If the debenture is not converted into equity by maturity, the underlying Bitcoin associated with the debenture may be returned to the debenture holder, aligning the financing terms with Bitcoin price dynamics and balance sheet considerations.
- Does Belgravia Hartford operate any Bitcoin mining infrastructure?
Belgravia has announced that it operates a multi‑protocol Bitcoin mining pool that supports Stratum V1, Bitcoin Knots and DATUM. The company states that a share of fees from all supported protocols flows to its treasury, contributing to an operating business that can generate revenue and increase its Bitcoin reserves.
- What is the relationship between Belgravia Hartford and DelphX Capital Markets Inc.?
Belgravia has signed a non‑binding letter of intent with DelphX Capital Markets Inc. under which it is expected to become the first corporate purchaser of a QCS collateralized put option designed to protect and preserve corporate Bitcoin treasury holdings, subject to definitive agreements, regulatory approvals and other conditions. Belgravia also expects to provide advisory and structuring support to DelphX for the anticipated launch of QCS.
- How does Belgravia Hartford describe its investment policy?
The company refers to a 2018 Investment Policy that specifies focus areas including cryptocurrencies, artificial intelligence, media and digital streaming opportunities. This policy guides its selection of investments in private and public companies within jurisdictions governed by the rule of law.
- What other assets or interests has Belgravia Hartford disclosed?
Belgravia has disclosed that it holds a royalty from the sale of the Ochoa asset in 2017 and is involved in litigation with Polynatura Corp. related to an audit and inspection dispute. The company has indicated that it will provide further updates on this matter and the associated royalty.
- How does Belgravia Hartford view its shareholder base and corporate governance?
The company has reported on shareholder participation in its annual general meeting, approval of corporate matters such as the number of directors, appointment of auditors, stock option plans and a shareholder rights plan, and the election of directors. It has also highlighted its OTCQB listing as a way to broaden access for U.S. investors.
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