UK’s Smarter Web Company Boosts Holdings to 1,600 BTC with New 325 BTC Purchase
Main Idea
The Smarter Web Company PLC has increased its Bitcoin holdings to 1,600 BTC with a recent purchase of 325 BTC, as part of its long-term treasury strategy.
Key Points
1. The Smarter Web Company purchased 325 Bitcoin, increasing its total holdings to 1,600 BTC, with an average acquisition cost of £79,534 per Bitcoin.
2. The company’s Bitcoin treasury has achieved a year-to-date yield of 39,258% and a 30-day yield of 419%.
3. The company introduced a new analytical tool called the Price to Bitcoin Yield Ratio (P/BYD), analogous to the price-to-earnings (P/E) ratio for traditional stocks.
4. The purchase aligns with the company’s '10 Year Plan,' which includes a policy of steadily increasing Bitcoin reserves.
5. Other UK companies, such as Vinanz and Abraxas Capital, have also been increasing their Bitcoin holdings, reflecting a broader trend in the industry.
Description
London-listed technology firm The Smarter Web Company PLC announced the acquisition of an additional 325 Bitcoin at an average price of £83,525 ($112,157) per coin. Key Takeaways: The Smarter Web Company purchased 325 Bitcoin, increasing its total holdings to 1,600 BTC. The company’s Bitcoin treasury has achieved a year-to-date yield of 39,258%. Smarter Web introduced a new metric to analyze the performance and valuation of Bitcoin treasury companies. The purchase, valued at roughly £27.1 millio...
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