UK-based Smarter Web Company has expanded its crypto portfolio with the purchase of 225 additional bitcoin for £19.91 million ($26.57 million), at an average price of £88,482 ($118,080) per coin. This acquisition follows a £19.7 million raise from the sale of 6,057,914 new shares, priced around £3.25 each. The company now plans to release subscription updates every two weeks to speed up fund settlement.

The firm now holds 2,050 BTC, bought at an average of £81,346 ($108,556) per bitcoin, totaling £166.76 million ($222.54 million). With bitcoin trading at approximately $118,085, the company’s holdings are up 8.8%, or around $19.53 million, on paper. It also retains £500,000 ($669,000) in available cash to further invest in bitcoin.

Having acquired over 1,500 BTC in July alone, Smarter Web has quickly climbed the Bitcoin Treasuries rankings, moving from 36th to the top 25. CEO Andrew Webley now sets his sights on breaking into the top 20 global public bitcoin holders within weeks.