London-listed tech firm The Smarter Web Company PLC (AQSE: SWC) has significantly expanded its Bitcoin reserves, purchasing an additional 45.32 BTC valued at approximately £3.5 million.
This move is part of the company’s long-term treasury initiative, dubbed “The 10 Year Plan,” which aims to steadily accumulate Bitcoin as a strategic asset.
The latest purchase was executed at an average price of £77,437 per Bitcoin, equivalent to roughly $104,935. Following this acquisition, the company’s total Bitcoin holdings now stand at 168.08 BTC.
The updated treasury data reveals:
- New Bitcoin Acquired: 45.32 BTC
- Purchase Price: £3,509,370
- Total Holdings: 168.08 BTC
- Average Purchase Price: £78,060 per BTC ($105,779 per BTC)
- Cumulative Investment: £13,120,000
The announcement marks a continued push by The Smarter Web Company to align its balance sheet with digital asset exposure amid a broader trend of institutional Bitcoin accumulation. The move also positions the firm among a growing list of publicly listed companies allocating corporate funds to Bitcoin as a long-term hedge and store of value.
This latest treasury expansion signals strong confidence in Bitcoin’s role in corporate finance and the company’s long-term strategic outlook.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/londons-smarter-web-company-adds-3-5m-in-bitcoin-to-treasury/