UK-based Smarter Web Company acquires additional 230.05 bitcoins for $25 million
2025-07-01 13:50:10
Main Idea
London-listed companies, such as the Smarter Web Company, are increasingly investing in Bitcoin as part of their treasury strategies, with some experiencing significant stock price fluctuations.
Key Points
1. The Smarter Web Company acquired an additional 230.05 bitcoins for $25 million, bringing its total Bitcoin holdings to 773.58 BTC as part of its 'The 10 Year Plan'.
2. The company's share price rose from £4.5 in April to a peak of £500 in June but has since lost 50% of its value.
3. Other London-listed firms, like Tao Alpha and a natural resources company, are also investing in Bitcoin, with some seeing significant stock price increases despite financial losses.
4. Most of these firms are small-cap and loss-makers with low trading volumes, making their share prices highly volatile.
Description
Smarter Web Company is expanding its BTC treasury strategy as more and more London-listed firms join. London-listed companies are increasingly expanding their Bitcoin (BTC) treasury strategies. On Tuesday, July 1, the Smarter Web Company acquired an additional 230.05 bitcoins for $25 million. The move puts its total Bitcoin treasury holdings at 773.58 BTC. The Smarter Web Company ( #SWC $TSWCF $3M8.F) RNS Announcement: Bitcoin Purchase. Purchase of additional Bitcoin as part of "The 10 Year Plan...
Latest News
- Ethereum loses to rival Solana in dApp revenue: Will SOL rally to $200 in July?2025-07-05 22:10:52
- Crypto VC funding: BitMine secures $250m, TWL Miner bags $95m2025-07-05 21:15:31
- Bitcoin exposure or fiat disguise? Treasury firms divide the crypto community2025-07-05 21:14:55
- NFT sales jump 10% to $136.5m, CryptoPunks shows 26% pop2025-07-05 20:15:17
- Best memecoin to buy now? Pepeto could mirror DOGE and SHIB’s past price rallies2025-07-05 20:01:27