Well, old chap, it seems the Smarter Web Company has been on a bit of a tear, crypto-wise. The London-listed tech outfit has just reached a ripping milestone of 1,000 Bitcoins in its treasury, and we’re told it’s all part of their dashed clever “10 Year Plan” 🤓.
Apparently, the firm snapped up 226.42 Bitcoins on July 7 at an average price of $107,726 per coin. Not a bad bit of business, if we do say so ourselves. That little purchase is now worth a cool $24.67 million 💸.
With this latest acquisition, the Smarter Web Company’s Bitcoin holdings have swelled to a tidy 1,000 coins, which works out to a whopping $108.9 million at current market prices 🤑. We’re told this is all part of their grand plan to build a Bitcoin treasury that’s simply massive over the next few years.
Meanwhile, Bitcoin itself has been having a bit of a rollercoaster day, but seems to be on the upswing. At press time, it’s trading at $108,998, having jumped a modest 0.77% in the past 24 hours 📈. Not too shabby, if you ask us.
The largest cryptocurrency by market cap even managed to reach a peak of $109,574 today, after dipping briefly below the $108,000 mark 📊.
But wait, there’s more! The Smarter Web Company has also released some spiffing metrics on its Bitcoin performance. On a year-to-date basis, they’ve managed to generate a whopping 26,242% in BTC Yield from their treasury 🤯. And in the past month, they’ve achieved a BTC Yield of around 530% on their current holdings 📈.
And if that’s not enough, the company has a cash supply worth £42.3 million ($57.56 million) just waiting to be used to buy more Bitcoin and grow their treasury even further 💸. Blimey, indeed!
We’re told the Smarter Web Company has been accepting payments in Bitcoin from its customers since early 2023, but only started buying Bitcoin to strengthen its financial position on April 28 this year. And in just three months, they’ve managed to accumulate 1,000 Bitcoins in their holdings 🕒. Not bad for a firm that’s just starting out in the crypto game, eh?
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2025-07-07 11:37