The Smarter Web Company PLC has announced another significant Bitcoin purchase as part of its ambitious “10 Year Plan” treasury strategy.
The London-listed technology firm acquired 50 Bitcoin at an average price of £86,650 per coin, representing a total investment of £4,332,507.
This latest purchase brings the company’s total Bitcoin holdings to an impressive 2,100 coins. The total investment now stands at £171,091,407 with an average purchase price of £81,472 per Bitcoin.
The company maintains approximately £19.5 million in net cash reserves available for future Bitcoin acquisitions. This substantial war chest positions them to continue their aggressive cryptocurrency accumulation strategy – the main factor in the explosion in the firm’s share price since IPO.
While Bitcoin captures headlines, The Smarter Web Company’s foundation remains its web services business. The company provides web design, development, and online marketing solutions to clients.
Their revenue model combines initial setup fees with recurring annual hosting charges and optional monthly marketing services.
The Smarter Web Company shares trade at roughly 2.5x the value of their cash and Bitcoin holdings.