A London-based tech company is making waves in the world of corporate finance by turning to Bitcoin as its strategic reserve.
The Smarter Web Company, a web design firm with a growing digital footprint, has confirmed the expansion of its Bitcoin holdings to a total of 1,825 BTC—an investment worth over $215 million at current prices.
The company’s latest acquisition, totaling 225 BTC, cost approximately $26.4 million and was executed at an average price of just over $118,000 per coin. This move positions the firm among the top 30 corporate Bitcoin holders globally, according to data from BitcoinTreasuries.net.
CEO Andrew Webley says the company’s conviction in Bitcoin’s long-term value has only strengthened, especially as they pursue broader goals in digital transformation. “Alongside our core operations, we see Bitcoin as the most compelling asset available today,” Webley stated. “That’s why we’re placing part of our future working capital into BTC.”
Despite reporting a first-half loss of nearly $970,000 for the fiscal year ending April 30, the firm remains bullish on its financial strategy. Last year’s loss for the same period was just over $500,000, indicating a deeper short-term deficit—but one they believe is justified by their long-term bet on Bitcoin.
The Smarter Web Company also made headlines earlier this year when it went public on the Aquis Stock Exchange, raising over £100 million in equity and avoiding any debt in the process. That fresh capital injection has helped fund its Bitcoin purchases and expand its treasury strategy.
With roughly $1.3 million still held in cash reserves earmarked for future BTC buys, the company seems committed to its pro-Bitcoin stance—a signal that UK-based institutions are warming up to the idea of crypto as a modern store of value.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/uk-tech-firm-jumps-into-top-bitcoin-holders-with-215m-bet/