Smarter Web Company’s bitcoin acquisition has stunned the market with a bold move worth $26.57 million.
The UK-based web design firm, now pivoted to a bitcoin treasury strategy, has added 225 BTC to its holdings. The average purchase price for the acquisition was $118,080 per bitcoin, marking a strong conviction in long-term growth.
The company now owns 2,050 BTC, valued at approximately $242 million, securing its place in the top 25 public bitcoin treasury companies. Originally known for web development, the firm’s transition into a digital asset-focused entity is reshaping its corporate identity.
The recent acquisition followed a £19.7 million funding round. This capital was raised through the issuance of over 6 million new shares, sold at around £3.25 each. The remaining shares in the tranche number just under 8 million, and further subscription rounds are expected.
UK Firm Rises in Global Bitcoin Rankings with Aggressive Acquisition Strategy
With an average purchase price of $108,556 per bitcoin, the Smarter Web Company has already seen an 8.8% gain on paper. Bitcoin’s current trading price is $118,085, pushing their unrealized profit close to $20 million. This puts the firm among the best-performing corporate bitcoin holders in the UK.
CEO Andrew Webley’s aggressive accumulation of over 1,500 BTC in July alone has catapulted the firm from 36th to a top-25 position. He now sets his sights on entering the top 20 public bitcoin treasury companies within weeks.
Their strategy reflects a broader trend of traditional companies turning into bitcoin treasuries. Leading firms like Strategy, Tether-backed Twenty One, and Riot Platforms continue to hold substantial BTC reserves, shaping a new corporate financial model.
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Smarter Web Company’s bitcoin acquisition leads the UK’s corporate crypto shift
The firm’s current treasury still holds £500,000 ($669,000) in cash, earmarked for further bitcoin investment. Its transformation represents a bold bet on digital assets as a long-term store of value. Unlike other industries, the crypto market allows companies to reposition quickly and build value through strategic acquisitions.
Smarter Web Company’s rise underlines the growing relevance of bitcoin in corporate treasuries. With consistent fundraising and a clear roadmap, it could soon rival giants like Riot and Tether-backed ventures.