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The Smarter Web Company PLC has expanded its Bitcoin treasury with a £1.85 million acquisition of 23.09 $BTC, marking a strategic push into digital assets as part of its long-term “10 Year Plan.”
The Smarter Web Company PLC, a UK-listed technology and digital services provider, has expanded its Bitcoin ($BTC) treasury holdings with a fresh acquisition of 23.09 $BTC, according to May 23 official announcement. The purchase, valued at £1.85 million (approximately $2.48 million), was made at an average price of £80,126 ($107,424) per $BTC.
This acquisition brings the company’s total $BTC holdings to 58.71 $BTC, accumulated at an average purchase price of £77,326 ($103,671), representing a total investment of £4.54 million.
The move is part of Smarter Web’s “10 Year Plan,” which includes a digital asset treasury strategy focused primarily on Bitcoin. Since 2023, the company has also accepted Bitcoin as a form of payment.
Smarter Web’s buy is part of a broader trend in which companies holding $BTC on their balance sheets have been aggressively expanding their positions in recent months. However, Smarter Web appears somewhat late to the party, initiating this major buy after $BTC price recently made a new ATH.
Prior to Smarter Web’s move, Abraxas Capital, another UK-listed entity, made headlines in mid-April by acquiring nearly 3,000 $BTC (worth over $250 million at the time), signalling a strategic shift toward crypto exposure among British firms.
This momentum mirrors the aggressive accumulation seen in the U.S., where Strategy continue to lead the way. Just a few days ago, Strategy added 7,390 $BTC to its balance sheet in mid-May, pushing its total holdings to 576,230 $BTC.