Smarter Web Company Buys 10 BTC, Boosting Holdings to 2,869 Amid Treasury Strategy
A UK-listed firm just stacked another 10 Bitcoin, pushing its total holdings to 2,869 BTC. This move signals a continued commitment to Bitcoin as a treasury asset, even as the purchase price sits below their average cost basis.
The Smarter Web Company, a UK-based outfit, just added 10 more Bitcoin to its treasury, bringing their total stash to a hefty 2,869 BTC. This latest acquisition was made at a price well below their average cost, showing smart capital deployment. They're clearly doubling down on Bitcoin as a core reserve asset, not just a speculative play.
This isn't a fly-by-night operation. They're using a credit facility from Coinbase, leveraging up to 12.19% to scale their Bitcoin exposure. The terms are flexible, allowing them to manage debt without penalty, which is crucial in this volatile market. It shows a calculated risk-taking approach to maximize BTC holdings.
The company, which offers web design and marketing, started accepting Bitcoin payments back in 2022. Now, it's a central piece of their corporate strategy, alongside organic growth and acquisitions. They're joining a growing club of public companies treating Bitcoin as serious treasury collateral, following in the footsteps of giants like MicroStrategy.