The Smarter Web Company has significantly increased its Bitcoin holdings, purchasing an additional 230.05 BTC for approximately $24.7 million. This acquisition elevates the company’s total Bitcoin reserves to 773.58 BTC, representing an aggregate investment exceeding $82.6 million.
The strategic Bitcoin acquisition forms a cornerstone of the company’s long-term ’10 Year Plan,’ which integrates Bitcoin as a core treasury asset aimed at driving sustainable growth. Funding for the latest purchase was partially sourced from recent fundraising activities, where the company secured around $62 million. This financing involved diluting existing shareholders’ stakes by 9%. Company CEO Andrew Webley and his family retain an approximate 11.3% ownership stake.
The Smarter Web Company’s move is not isolated but reflects a broader movement among UK-listed corporations. Entities including AI services provider Tao Alpha and mineral exploration firm Panther Metals have similarly expanded their Bitcoin reserves. This accelerating trend underscores growing institutional recognition of Bitcoin’s potential as a store of value and hedge within treasury portfolios, particularly during periods of macroeconomic uncertainty.
The increasing corporate adoption by publicly traded companies signals heightened confidence in Bitcoin’s long-term viability and foundational role in contemporary treasury management strategies.