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Business Wire
32 minutes ago
- Business Wire
Belgravia Hartford Increases Bitcoin (BTC) Treasury Holdings with USD $1 Million Strategic Purchase
TORONTO--(BUSINESS WIRE)--Belgravia Hartford Capital Inc. (CSE: BLGV) (OTC: BLGVF) (FRA: ECA) ("Belgravia" or the "Company") is pleased to announce the successful completion of its fourth Bitcoin (BTC) acquisition as part of its long-term Bitcoin Treasury Reserve strategy. Belgravia Hartford buys USD $1M of BTC to increase Treasury Reserve Share This latest purchase further strengthens Belgravia's position as a forward-thinking public company leveraging Bitcoin as a strategic treasury asset. New Bitcoin Acquisition Belgravia Hartford acquired 9.35295508 BTC for a total consideration of USD $1,000,000, executed at an average price of $106,918.08 per Bitcoin (inclusive of all costs and fees). This purchase increases the Company's cumulative Bitcoin holdings to: Description | BTC Amount | USD Value | Average Cost (USD) --------------------|------------------|---------------------|------------------------ Previous Holdings | 6.39316479 BTC | $660,094.35 | $103,367.05 per BTC New Purchase | 9.35295508 BTC | $1,000,000.00 | $106,918.08 per BTC Total Holdings | 15.74611987 BTC | $1,660,094.35 | $105,449.46 per BTC All figures in USD. The purchase was facilitated through Coinsquare's regulated OTC desk and funded by the previously announced USD $5 million credit facility provided by Round13 Digital Asset Fund L.P.; a premier institutional partner focused on digital asset strategies. Commitment to Transparency and Governance Belgravia Hartford remains committed to full transparency in its treasury operations and will continue to provide timely updates on all material developments. Insiders of the Company currently hold approximately 36% of the outstanding shares, underscoring strong internal alignment with shareholders. Up-to-date insider disclosures are available at ******************************* For legal disclaimers and further corporate information, please visit:
Business Wire
2 hours ago
- Business Wire
Mogo Announces $50 Million Bitcoin Treasury Authorization and Strategic Alignment with Bitcoin Across the Organization
VANCOUVER, British Columbia--(BUSINESS WIRE)--Mogo Inc. ('Mogo' or the 'Company') (NASDAQ: MOGO; TSX: MOGO), a leading Canadian digital wealth and lending platform, today announced that its Board of Directors has authorized the allocation of up to $50 million to Bitcoin as part of the Company's long-term capital preservation and product innovation strategy. The move marks a significant step in Mogo's strategic alignment with Bitcoin, integrating it across treasury policy and its core operating platform. Mogo has been at the forefront of digital asset innovation for nearly a decade. In 2018, it launched Canada's first Bitcoin account, and in 2020, it became the third US-listed company to add Bitcoin to its balance sheet, following MicroStrategy and Block, and ahead of Tesla. Mogo also played a key role in the formation of Canada's largest independent crypto platform through the 2023 merger of Coinsquare and WonderFi, which recently announced it has entered into an agreement to be acquired by Robinhood. 'Building on our history and experience in crypto, we're making a long-term strategic commitment to Bitcoin, backed by deep conviction and the flexibility to build a meaningful Bitcoin reserve that aligns with our capital priorities and market outlook,' said Greg Feller, President & Co-Founder of Mogo. 'This allocation gives us the flexibility to build a meaningful position over time as part of a disciplined, multi-year strategy.' Board-Approved $50 Million Bitcoin Treasury Authorization Following the anticipated close of the WonderFi–Robinhood transaction in the second half of 2025, Mogo expects to hold approximately $50 million in cash and investments. The Company's Board has approved a Bitcoin allocation of up to $50 million, to be funded by excess cash on the balance sheet and, over time, through additional monetizations from its investment portfolio, including investments in US-based crypto exchange, Gemini, and Canadian technology company, Hootsuite. The Company has an initial goal to scale to a $50 million investment in Bitcoin based on staged investments over time, while keeping adequate working capital for the operating business. Bitcoin as a Hurdle Rate for Capital Allocation In a move that signals deep integration of Bitcoin into its corporate framework, Mogo will now assess all capital deployment decisions against a Bitcoin hurdle rate. Whether considering M&A, internal investments, or share repurchases, the Company will only allocate capital to opportunities that are expected to outperform the long-term return profile of holding Bitcoin. 'This sets a new bar for capital discipline,' said Greg Feller. 'If we don't believe an initiative can deliver better long-term value than Bitcoin, we won't pursue it. It's that simple.' This approach reinforces Bitcoin's role not just as a treasury asset, but as a strategic benchmark for evaluating value creation across the organization. A Dual-Compounding Strategy: Bitcoin Reserve + Operating Scale Mogo's approach is fundamentally different from most Bitcoin treasury companies. While many lack operating scale or growth potential, Mogo is building a capital-efficient, scalable platform across three core pillars; Wealth, Lending, and Payments, with Bitcoin serving as a complementary strategic reserve asset that can compound alongside its core business. 'We're not just holding Bitcoin, we're building a business we believe can scale to over a billion dollars in enterprise value,' said Greg Feller. 'Our goal is to grow a similarly scaled Bitcoin reserve alongside it. That dual-compounding model, operating growth plus a high-conviction Bitcoin reserve, is something few companies are positioned to achieve.' Strategic Integration Across the Platform Bitcoin will be integrated across Mogo's core businesses to deliver value to both shareholders and the Company's nearly 2 million Canadian members: Wealth Management: Mogo's $400M+ AUM platform will launch a flagship Bitcoin Portfolio based on a 60/40 equity/Bitcoin model designed for long-term investors who understand Bitcoin's role as a disruptive store of value. Lending: Mogo is developing Bitcoin-related loan products that will allow all members to gain access to this asset class, while also potentially lowering their borrowing rates. Payments: With over $12 billion in annual international payments volume, Mogo is exploring stablecoin infrastructure to enable faster, lower-cost cross-border transactions. Buffett Mode Meets Bitcoin: A Behavioral Framework Mogo's approach is grounded in its Buffett-mode philosophy, a behavioral-first investment framework focused on long-term outcomes, mental clarity, and disciplined decision-making. 'Whether you're investing in equities or Bitcoin, the edge is mental,' said David Feller, Founder & CEO of Mogo. 'We're not here to speculate, we're here to help Canadians build real wealth. That means evaluating every decision with clarity and conviction, and giving our members access to tools that align with where the world is going, not where it's been.' Mogo offers educational content, product-level optionality, and behavioral guidance, not hype. Bitcoin is not promoted as a default solution but offered as a strategic asset for informed, intentional investors. Democratizing Access to Bitcoin for 2 Million Canadians Mogo is uniquely positioned to expand responsible access to Bitcoin through trusted, compliant, and intelligent financial products. The Company's platform reflects a long-term belief in digital assets as a tool for wealth preservation, not short-term speculation. 'This is about building financial independence for our members, not chasing returns,' added Greg Feller. 'We believe Bitcoin will play a growing role in how capital is stored, allocated, and judged, and we're building Mogo to lead in that future.' About Mogo Mogo Inc. (NASDAQ:MOGO; TSX:MOGO) is a financial technology company with three distinct business lines: wealth, lending, and payments. Our mission is to provide consumers with innovative financial solutions that drive long-term financial health and success. We operate with a differentiated approach in each business, leveraging technology, behavioral science, and financial tools to create unique value propositions in our respective markets. Our wealth and lending businesses are focused on the Canadian market, where we are the only subprime consumer lender that also offers a holistic wealth and investing solution. This unique integration is designed to help consumers transition from borrowing and debt to long-term wealth building. Separately, our payments business is operated through Carta Worldwide, a wholly owned subsidiary that provides modern card issuing and processing solutions, primarily in Europe. Forward-Looking Statements This news release may contain 'forward-looking statements' within the meaning of applicable securities legislation, including statements regarding the expected closing of the WonderFi-Robinhood transaction, Mogo's Bitcoin treasury strategy, Mogo's capital allocation strategy, Mogo's strategic initiatives in respect of its wealth management, lending and payment products and the integration of cryptocurrency in respect thereof. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at the time of preparation, are inherently subject to significant business, economic and competitive uncertainties and contingencies, and may prove to be incorrect. Forward-looking statements are typically identified by words such as "may", "will", "could", "would", "anticipate", "believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual financial results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Mogo's growth, its ability to expand into new products and markets and its expectations for its future financial performance are subject to a number of conditions, including receipt of applicable regulatory approvals in respect of its products, many of which are outside of Mogo's control. For a description of the risks associated with Mogo's business please refer to the 'Risk Factors' section of Mogo's current annual information form, which is available at and Except as required by law, Mogo disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.
Business Wire
2 hours ago
- Business Wire
Forge Global Expands Investment Management and Wealth Capability with Completion of Accuidity Capital Management Acquisition
SAN FRANCISCO--(BUSINESS WIRE)--Forge Global Holdings, Inc. ('Forge,' or the 'Company') (NYSE: FRGE), a leading provider of marketplace infrastructure, data services, technology, and investment solutions for the private market, today announced that it had completed its previously announced acquisition of Accuidity Capital Management ('Accuidity'), a specialized asset management firm focused on private market investing, in a simultaneous sign and close transaction. Forge believes that this acquisition marks a significant step forward in Forge's long-term strategic vision to deliver private market access more broadly and to serve as a valuable contributor to the capital ecosystem of high-growth private companies. Investor interest in private market strategies continues to grow, with global alternative assets under management expected to surpass $29 trillion by 2029 1, driven by demand for enhanced returns, diversification, and access to high-growth private companies. By integrating Accuidity's differentiated investment strategies and sourcing ecosystem with Forge's proprietary data, technology, and distribution capabilities, the Company aims to deliver a scalable portfolio of private market products designed to meet this growing demand in alternative assets from institutional and individual investors. 'Accuidity accelerates our strategic vision by enabling the launch of innovative financial products and strategies that broaden investor access to the private markets, while delivering primary and secondary capital solutions for private companies,' said Kelly Rodriques, CEO of Forge. 'Leveraging our data, technology and global network alongside Accuidity's expertise, we aim to deliver new investment opportunities to our growing global client base, with a strategic focus on the wealth channel.' Through the acquisition, Forge is reinforcing its commitment to democratizing access to the private markets by expanding beyond single-asset strategies. The addition of Accuidity's co-investment vehicles and early-stage venture funds enables Forge to offer a more diversified set of investment solutions through the Forge private market platform. Furthermore, Forge and Accuidity will collaborate to transition Accuidity's flagship Megacorn Fund—an institutionally managed index fund designed to replicate, over time, the performance of the Forge Accuidity Private Market Index—into an interval fund, compliant with the Investment Company Act of 1940 and subject to SEC approval. The Megacorn Fund could provide broader investor access to private market exposure at lower cost and with reduced investment minimums. 'Forge has been a leader in creating the indexes and pricing innovations on which new financial products are being built,' said Vince Gubitosi, Co-President of Accuidity. 'Together, we believe we can integrate our asset management capabilities and unique investment strategy with the Forge platform, delivering investment opportunities through Forge's network of clients, companies, registered investment advisors and more.' 'We see enormous potential to scale Accuidity's strategies across new investor segments and channels,' said Mark DeNatale, Co-President of Accuidity. 'We chose Forge as a partner because of their trusted reputation, scale, and operational integrity. Jointly, we're unlocking the infrastructure needed to meet growing demand with flexible, transparent private market investment solutions.' Building on the foundation of Forge's custody business with $17.6 billion 2 AUC and Forge Global Advisors' $1.1 billion AUM 2, the acquisition of Accuidity, which adds an additional $220 million 3 in AUM, represents a meaningful step forward in the development of Forge's broader wealth and asset management strategy. With a focus on delivering private market exposure through a range of fund vehicles, Forge is expanding its platform beyond direct client relationships to include financial advisors, registered investment advisors and other distribution partners. Forge believes these efforts will provide the necessary infrastructure and capabilities to make private markets more accessible, intuitive, and aligned with how today's advisors and private market participants want to engage. The acquisition was completed for $10.0 million in cash (subject to customary adjustments) and 1.15 million shares of newly issued shares of Forge common stock issued in a private placement transaction (a portion of which are subject to forfeiture and transfer restrictions). In addition, the acquisition includes the potential for post-closing earn-out consideration of up to a maximum of 1 million additional shares of Forge common stock issuable upon the achievement of certain performance-related milestones through the end of 2027. During the twelve-month period ended May 31, 2025, Accuidity reported revenue of approximately $5.7 million 4, and Forge believes the acquisition will be accretive to EPS. Forward-Looking Statements This press release contains 'forward-looking statements,' which generally are accompanied by words such as 'believe,' 'may,' 'could,' 'will,' 'estimate,' 'continue,' 'anticipate,' 'intend,' 'target,' 'goal,' 'expect,' 'should,' 'would,' 'plan,' 'predict,' 'project,' 'forecast,' 'potential,' 'seem,' 'seek,' 'future,' 'outlook,' and similar expressions that predict, indicate, or relate to future events or trends or Forge's future financial or operating performance, or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the acquisition of Accuidity and its expected benefits and synergies, including the impact of the acquisition on Forge's current and future product offerings, business and financial results and condition. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, while considered reasonable by Forge and its management, are subject to risks and uncertainties that may cause actual results to differ materially from current expectations, including but not limited to the risks and uncertainties associated with the integration of the Accuidity business and whether Forge will achieve its desired or expected business, operational and financial outcomes from the acquisition. You should carefully consider the risks and uncertainties described in Forge's documents filed, or to be filed, with the SEC. There may be additional risks that Forge presently does not know of or that it currently believes are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. In addition, forward-looking statements reflect Forge's expectations, plans, or forecasts of future events and views as of the date of this press release. Forge anticipates that subsequent events and developments will cause its assessments to change. However, while Forge may elect to update these forward-looking statements at some point in the future, Forge specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Forge's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. About Forge Forge (NYSE: FRGE) is a leading provider of marketplace infrastructure, data services, technology, and investment solutions for private market participants. Forge Securities LLC is a registered broker-dealer and a Member of FINRA that operates an alternative trading system. 1 Future of Alternatives 2029 Report – Preqin. 2 As of March 31, 2025 3 Figure is based on the most recent AUM calculation performed for each Fund on or before June 1, 2025. For Funds that are valued on a quarterly basis, the most recent AUM calculation is as of March 31, 2025. 4 Based solely on the unaudited cash basis financial information provided to Forge by Accudity. Accuidity's historical financial information is unaudited, has been prepared on a cash basis method and has not been prepared in accordance with Generally Accepted Accounting Principles in the United States or on the same basis as Forge's historical financial information, and therefore may not be consistent with future, historical or pro forma revenue when included in Forge's consolidated financial statements or otherwise filed or furnished following closing of the acquisition and remains subject to change.
