The post The Smarter Web Company Adds 225 BTC, Boosts Holdings to 1,825 BTC appeared first on Coinpedia Fintech News
The Smarter Web Company PLC, a publicly listed firm in the UK, has just added 225 more Bitcoin to its reserves, as part of its long-term “10 Year Plan.” They spent about £19.6 million on this latest purchase, paying an average of £87,096 per Bitcoin (around $118,000).
This purchase increases its total holdings to an impressive 1,825 BTC. This latest move has pushed the company up to the 26th spot on the Bitcoin 100 leaderboard, a ranking of the largest corporate Bitcoin holders.
This brings their total Bitcoin holdings to 1,825 BTC, worth over £146 million in total. SWC reports strong performance from its Bitcoin treasury, with a year-to-date yield of 43,787% and a 30-day yield of 189%. The company also notes it has approximately £1 million in available cash that may be used for future Bitcoin purchases.
It launched “The 10 Year Plan” on April 28, a clear strategy combining organic growth, smart acquisitions, and a Digital Assets Treasury Policy. The plan focuses on short-term organic growth, mid-term and long-term acquisition opportunities, and a forward-looking Digital Assets Treasury Policy that includes Bitcoin. It believes digital assets can help preserve value and hedge against inflation.
The Smarter Web Company provides web design, development, and online marketing services. Since 2023, it has also started accepting Bitcoin as payment. The Company believes that Bitcoin will be a key part of the future global financial system. As it grows and looks at new business opportunities, it is leading the way by making Bitcoin a core part of its financial strategy through its Bitcoin Treasury Policy.
The Smarter Web Company has been steadily building its Bitcoin treasury throughout July. It started with 230.05 BTC on July 1, followed by 226.42 BTC on July 7. Just days later, it added 275 BTC on July 11, and most recently, 325 BTC on July 16.
This comes amidst a rising trend of companies adopting Bitcoin in their treasuries.