Belgravia Hartford Repays USD $1.5 Million Line of Credit via Bitcoin Standard Agreement; Updates Bitcoin Treasury holdings

Executive Summary

• Belgravia Hartford fully repaid its US $1.5 million line of credit to Round13 by delivering 14.21448 BTC under the Bitcoin Standard agreement, eliminating the loan overhang.
• Post‑repayment Bitcoin holdings increased to 68.72854407 BTC, with 26.350911 BTC unencumbered and fully owned.
• The company reaffirmed that its US$5 million convertible debenture remains outstanding, outlining trigger and conversion mechanics for potential acceleration.

Key Details

• Loan Repayment: Full repayment of the USD 1,500,000 line of credit to Round13 Digital Asset Fund L.P. using 14.21448 BTC as per the loan agreement.
• Interest Rate: Calculated on the Bank of Canada prime rate as of June 4 2025; future interest updates to be provided.
• Bitcoin Treasury Post‑Repayment: Total holdings now 68.72854407 BTC; of this, 26.350911 BTC are unencumbered and 100% owned by Belgravia.
• Convertible Debenture Status: US$5 million debenture used to purchase 42.3776327 BTC remains outstanding.
• Acceleration Provision: If BLGV common shares trade ≥ CAD 0.17 for ten consecutive days, the company may trigger acceleration within seven days; Round13 then has 30 days to convert at CAD 0.125 per share, with any unconverted portion reverting to a CAD 0.71 conversion price.
• Regulatory Notice: Securities not registered under U.S. securities laws; cannot be offered or sold in the United States or to U.S. persons absent exemption or registration.

Notable Quotes

“Retiring the line of credit removes a meaningful overhang and represents another step in executing our Bitcoin treasury strategy,” said Mehdi Azodi, CEO of Belgravia.
“The debt elimination and the recently announced LOI with DelphX are steps Belgravia is taking to further protect our Bitcoin from potential downside risks and market volatility.”