Smarter Web, listed on the Aquis Stock Exchange in the UK, has raised its Bitcoin reserves to 773 BTC. This shift secures its position among leading public companies adopting Bitcoin accumulation strategies.
Increase in Bitcoin Reserves
On June 25, Smarter Web, known for its web design and marketing services, added 230 BTC to its reserves, spending $24.6 million. With the current value, its total Bitcoin holdings now exceed $80 million.
Company's Financial Strategy
The company began its journey as a provider of web design, hosting, and digital marketing services. In 2023, Smarter Web allowed customers to pay in Bitcoin, leading to a steady accumulation of BTC since then. Additionally, official disclosures indicate that the company holds £38 million ($52.2 million) in cash, allocated for future Bitcoin purchases as part of a ten-year asset accumulation plan.
Trends in Public Companies Market
With this latest purchase, Smarter Web ranks 36th among all publicly traded companies with Bitcoin on their balance sheet, surpassing firms like Bitcoin Treasury and Bit Digital. Globally, there is an upward trend in corporate Bitcoin holdings, with companies like Metaplanet and MercadoLibre actively increasing their reserves.
Smarter Web's positioning in the Bitcoin market highlights the growing interest of public companies in cryptocurrencies as long-term reserves against inflation risk.
