Recently, London companies have started actively expanding their strategies for acquiring bitcoins, with Smarter Web Company being one of the notable examples of this trend.
Smarter Web Company Acquisition
On July 1, Smarter Web Company acquired an additional 230.05 bitcoins for $25 million. This brings its total bitcoin treasury holdings to 773.58 BTC. This acquisition is part of their '10 Year Plan' aimed at exponentially increasing BTC reserves.
Trends in Bitcoin Treasury Market
Smaller companies are beginning to diversify their assets to attract investors. For instance, AI firm Tao Alpha plans to raise £100 million to buy bitcoins. Even companies from other sectors, such as Panther Metals, are joining this race.
Risks and Prospects of Companies
Despite the potential allure of bitcoin treasuries for traders, most of these companies are small-cap and loss-makers. This makes their stocks susceptible to significant volatility, increasing risks for investors.
Strategies for acquiring bitcoins are becoming increasingly popular among London firms, but significant risks remain. The potential for rapid stock price growth requires a cautious approach from investors.
