1D
...
UK-based Smarter Web Company has bought 325 more BTC for £27.15 million or $36.45 million pushing its total holdings to 1,600 BTC. The firm paid an average of £83,525 or $112,157 per bitcoin marking a major move in its crypto treasury strategy.
Now among the top 25 public bitcoin holders Smarter Web has overtaken Fold and aims to break into the top 20 soon. The company’s bitcoin is worth $190.14 million on paper showing an 11.3 percent gain with bitcoin recently hitting a new all-time high above $123,000.
CEO Andrew Webley plans to keep acquiring bitcoin after adding over 1,000 BTC in July alone. The firm offers web design and marketing services and began accepting bitcoin in 2023. It also launched the P/BYD ratio a new metric to track crypto treasury companies similar to the P/E ratio in traditional finance.
