Smarter Web Company Adds 225 Bitcoin for $26M, Total Holdings Reach 1,825 BTC
Main Idea
The Smarter Web Company has purchased an additional 225 Bitcoin for $26 million, increasing its total holdings to 1,825 BTC, as part of its long-term treasury strategy.
Key Points
1. The Smarter Web Company acquired 225 Bitcoin for £19.6 million ($26 million), bringing its total holdings to 1,825 BTC worth approximately $216 million.
2. The company's year-to-date Bitcoin yield is 43,787%, with an average purchase price of £87,096 ($118,076) per coin.
3. The purchase is part of the company's '10 Year Plan,' which includes an ongoing treasury policy of acquiring Bitcoin.
4. Over 278 public companies now hold 3.6 million Bitcoin on their balance sheets, with MicroStrategy leading with 607,770 BTC.
5. Market volatility has led to significant liquidations, with over $721 million in leveraged positions liquidated in 24 hours, including $163.9 million in Ethereum and $155.5 million in Bitcoin.
Description
The Smarter Web Company has purchased an additional 225 Bitcoin for £19.6 million ($26 million), bringing its total holdings to 1,825 BTC worth approximately $216 million as corporate cryptocurrency treasuries continue expanding across global markets despite recent volatility. The London-listed technology company acquired Bitcoin at an average price of £87,096 ($118,076) per coin, achieving a year-to-date BTC yield of 43,787% on its treasury strategy. The firm maintains approximately £1 million ...
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