Another Corporate Stack: The Smarter Web Company Adds $26M BTC to Treasury
Main Idea
The Smarter Web Company, a UK-based public company, has significantly increased its Bitcoin holdings, now ranking 26th globally among public companies, as part of its 10-year growth strategy.
Key Points
1. The Smarter Web Company purchased 225 bitcoins at an average price of £87,096 ($118,076) per Bitcoin, totaling over $210 million in value.
2. The company's cash and cash equivalents grew to £1,230,946M ($1.65 million), a 5,500% increase compared to the previous year.
3. The company entered the Bitcoin market on April 28th with a 2.3 BTC purchase and went public on the Aquis Stock Exchange three days prior, raising £2 million ($2.68M) at IPO.
4. Its Year-to-Date BTC Yield is 43,787%, and it has £1M ($1.34M) in net capital ready for further Bitcoin purchases.
5. CEO Andrew Webley stated the company is focused on short-term growth and strategic acquisitions to unlock value, aligning with its 10-year plan.
Description
The weather is hot, and so is the race of the public companies that have adopted the treasury model with the leading cryptocurrency asset. The web design agency has been making weekly acquisitions and is currently ranked in the top 30. Steady Growth Based in the UK and publicly traded on the Aquis Stock Exchange (ticker: SWC), The Smarter Web Company, specializing in bespoke web solutions and online marketing, has purchased 225 bitcoins at an average price of £87,096 ($118,076 per unit). In its ...
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