In a bold move that underscores growing corporate confidence in Bitcoin, UK-based Smarter Web has surged past 2,050 BTC in its treasury after a $27 million purchase. This strategic acquisition solidifies its position as the UK’s largest corporate Bitcoin holder and a key player in global Bitcoin adoption.
Why Is Smarter Web’s Bitcoin Treasury Making Headlines?
Smarter Web, originally a web design firm, has transformed into a Bitcoin-focused entity, acquiring 225 BTC at an average price of $118,080 per unit. This brings its total holdings to 2,050 BTC, valued at $222.54 million. Key highlights:
- Ranked among the top 25 global corporate Bitcoin holders.
- Year-to-date gains of 49,198%, showcasing Bitcoin’s potential.
- Funded by a £19.7 million capital raise, with plans for further acquisitions.
How Does Corporate Bitcoin Adoption Benefit Companies?
Smarter Web’s strategy reflects a broader trend of corporations using Bitcoin as a hedge against economic volatility. Benefits include:
- Diversification: Bitcoin adds a non-correlated asset to balance traditional holdings.
- Long-term growth: The company’s 10-Year Plan leverages Bitcoin’s appreciation potential.
- Innovation: Accepting Bitcoin payments aligns with future financial trends.
What’s Next for Smarter Web’s Bitcoin Strategy?
CEO Andrew Webley aims to break into the top 20 global corporate Bitcoin holders. The company’s roadmap includes:
- Biweekly shareholder updates for transparency.
- Additional capital raises to fund more Bitcoin purchases.
- Expanding its hybrid model of digital services and Bitcoin holdings.
FAQs About Smarter Web’s Bitcoin Treasury
Q: How much Bitcoin does Smarter Web own?
A: 2,050 BTC, worth approximately $222.54 million.
Q: Why is Smarter Web buying Bitcoin?
A: As part of a long-term strategy to diversify assets and capitalize on Bitcoin’s growth.
Q: Is Smarter Web accepting Bitcoin payments?
A: Yes, the company now accepts Bitcoin for its services.
Q: What’s the average purchase price of Smarter Web’s Bitcoin?
A: £81,346 ($108,556) per Bitcoin across all acquisitions.
