The Bitcoin Treasuries Podcast with Tim Kotzman The Belgravia Hartford State of the Union with President & CEO Mehdi Azodi
Oct 31, 2025
Mehdi Azodi, the President & CEO of Belgravia Hartford, delves into the company's innovative Bitcoin Standard and its unique convertible debt structure. He addresses the recent stock volatility, highlighting market mispricings and correcting trends. Azodi shares insights on engaging shareholders during uncertain times and discusses exciting press releases revealing plans to enhance the company's financial outlook. He also reflects on Belgravia's resilience and future positioning, confidently stating their holdings of 83 BTC as they look ahead to 2025.
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Market Mispricing Versus Actual Debt Risk
- Belgravia's share drop reflects market mispricing of its equity and convertible debt under the Bitcoin Standard.
- Mehdi Azodi says the company's debt is protected and downside exposure is limited to equity and unencumbered Bitcoin.
Convertible Returns Bitcoin At Maturity
- The Bitcoin Standard convertible returns Bitcoin at maturity if not converted to equity.
- Azodi stresses the company is not exposed to the downside of the $5M convertible subscription.
Engage Shareholders During Volatility
- Communicate openly with shareholders during volatility to address fears and explain structure.
- Azodi says active disclosure and meetings help correct irrational market pricing.