Canadian listed company Belgravia Hartford Capital has placed CAD 10 million in a private placement, with all proceeds going towards the purchase of Bitcoin

According to Foresight News, Canadian listed company Belgravia Hartford Capital announced a 100% Bitcoin reserve targeted CAD 10 million private placement financing. The company will issue up to 40 million constituent shares through non brokerage private placement at a price of CAD 0.25 per share, with a total value of up to CAD 10 million. Each constituent stock includes one share of the company's common stock and half of the common stock subscription warrants (each complete subscription warrant, referred to as a "subscription warrant"). Each subscription warrant grants the holder the right to subscribe for one additional ordinary share at an exercise price of CAD 0.50 per share. The company stated that all proceeds from this issuance will be specifically used to purchase Bitcoin.