The Smarter Web Company has added another 30 Bitcoins to its treasury as part of its long-term acquisition strategy. The London-listed firm now holds a total of 2,470 $BTC. This strengthens its position as one of the leading corporate Bitcoin holders in the UK.The company disclosed the purchase in an RNS announcement on September 10. The 30 $BTC were bought at an average price of £83,404 ($112,846) each, costing £2.5 million in total.
With this addition, The Smarter Web Company’s total Bitcoin holdings now stand at 2,470 $BTC. That is acquired at an average cost of £82,421 ($111,516) per Bitcoin. The company’s total investment in Bitcoin has reached more than £203.5 million. According to the announcement, the firm has achieved a year-to-date Bitcoin yield of nearly 57,000%. With a 30-day yield of 18% on its treasury. It also disclosed that it still has about £400,000 in available cash earmarked for future Bitcoin acquisitions.
Bitcoin Treasury Policy
The Smarter Web Company has been steadily implementing its “10-Year Plan.” It’s a strategy that places Bitcoin at the core of its treasury policy. Since 2023, the firm has accepted Bitcoin as payment for its web design, development, and digital marketing services. The company views Bitcoin not only as a financial hedge. But also as a long-term strategic asset. By integrating Bitcoin into its business model, it aims to combine organic growth. From its technology services, with treasury gains from digital assets. Management has emphasized that Bitcoin is part of the future of the global financial system. It intends to continue adding to its holdings when market conditions are favorable.
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