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UK-based Smarter Web Company has expanded its bitcoin treasury by acquiring 225 BTC, worth approximately $26.4 million. This latest move increases its total bitcoin holdings to 1,825 BTC, now valued at over $200 million. The firm purchased the bitcoin at an average price of $118,076 per BTC, using £19.6 million of treasury funds.
The company now ranks 26th globally among public firms holding bitcoin, according to Bitcointreasuries.net. In addition to its crypto investments, Smarter Web also holds £1 million in net cash, ready to be deployed into more bitcoin. The firm recently reported a half-year loss of £719,566, compared to £372,640 during the same period last year.
CEO Andrew Webley emphasized confidence in bitcoin, calling it “the best asset the world has ever seen.” Since its IPO on the Aquis Stock Exchange in April, the firm has raised over £100 million in equity capital, with no debt. Smarter Web remains committed to using bitcoin for long-term strategic growth.
