Canadian Company Buys Bitcoin, Thinks It’s Gullible! 😂💰

by

Belgravia Hartford Capital, the Canadian version of a mostly confused squirrel, has finally *dared* to dip its toes into the wild world of Bitcoin! Yes, folks, they’ve announced their first purchase—cue the fireworks and confetti—but don’t get too excited. It’s just a tiny, teeny, weeny bit of digital gold, and they spent a half-million dollars to get 4.86 BTC. That’s right, almost five Bitcoins, which is about as useful as a screen door on a submarine—but hey, it’s a start! 🎉💸

CEO Cheers the Perfect Timing (Because He’s Not Too Bright)

On June 9th, the illustrious Belgravia Hartford (a company that sounds suspiciously like a made-up town in a crime movie) announced they bought some Bitcoin. They paid USD $500,000—because nothing screams “bright financial decision” like gambling half a million on digital numbers. The average price? A whopping USD $102,848.30 per Bitcoin! Someone’s feeling pretty confident—or completely nuts, but who’s counting? 😅

Oh, and it gets better! This was just the *first* shot in their new, shiny credit facility of up to USD $5 million, courtesy of Round 13 Digital Asset Fund. Because nothing says “we know what we’re doing” like borrowing money to buy even more of something that goes up and down faster than a roller coaster on steroids. They already drew down the first $5 million—smart move, if you like to gamble the company’s future on pixelated treasure hunts! 🎲

Mehdi Azodi, the CEO—who probably thinks blockchain is some new kind of breakfast cereal—said, “We’re really thrilled to have entered the market at this absolutely *perfect* time.” Yes, with the market crashing, soaring, and crashing again, they’re locking arms with Round 13 DAF and saying, “Bring it on, crypto!” As summer approaches, Belgravia’s daydreaming of riches, cryptocurrencies, and more Bitcoin than you can shake a stick at. ☀️💻

Meanwhile, in a shocking twist of accounting magic, Belgravia revealed a non-capital loss of CAD $44 million—because losing money is apparently their new business model. They plan to *monetize* this loss, which sounds vaguely like trying to sell sand in the desert but hey, whatever keeps the accountants busy! Their lawyers and advisors are exploring sneaky ways to turn this big red number into something shiny—like shareholder profits, or just a really nice souvenir. 🧙‍♂️💼

Belgravia’s trying to be the big crypto hero—swapping old-school balance sheets for a digital playground, all while hoping the market doesn’t eat them alive. It’s like watching a bunch of folks who think Bitcoin is a new kind of potato chip trying to make *money*—but instead, they’re just making us laugh! 😂

Read More

2025-06-10 10:04