UK’s Smarter Web Company Buys 225 Bitcoin, Boosts Treasury to 2,050 BTC

CN
1 day ago

The London-listed technology firm paid an average price of £88,482 per Bitcoin, totaling £19,908,550. This acquisition increases the company’s total Bitcoin holdings to 2,050.

The cumulative average purchase price across all its bitcoin is now £81,346 per bitcoin, representing a total investment of £166,758,900. The company also reported significant yield metrics on its treasury bitcoin holdings.

Year-to-date, the treasury bitcoin position reportedly achieved a yield of 49,198%, while the 30-day yield stood at 224%. Approximately £500,000 in net cash remains available for future bitcoin deployment, the firm claims.

This purchase falls under “The 10-Year Plan,” which includes a formal policy of acquiring Bitcoin. The company views Bitcoin as integral to the future financial system and accepts it for client payments.

The Smarter Web Company provides web design, development and online marketing services. It trades on the Aquis Stock Exchange under SWC and OTCQB as TSWCF. More information is available on its website.

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