The Smarter Web Company PLC, a publicly listed firm in the UK, has announced the acquisition of 225 bitcoins as part of its long-term strategy.
Bitcoin Purchase within Long-term Strategy
The Smarter Web Company has increased its bitcoin reserves by 225 units, spending approximately £19.6 million at an average price of £87,096 per bitcoin. This has raised its total reserves to 1,825 BTC and has positioned the company at the 26th spot on the Bitcoin 100 leaderboard.
Company Financial Performance
The company reported a loss of £719,566 for the six months ending April 30, 2025, nearly double the loss from the same period last year. Nevertheless, CEO Andrew Webley noted that bitcoin remains the asset of choice for long-term value. In the current year, the performance of its bitcoin treasury yielded 43,787%.
Strategy and Bitcoin Adoption
The Smarter Web Company recently launched its '10-Year Plan', which involves a strategy that combines organic growth, smart acquisitions, and a digital assets treasury policy. The company has also begun accepting bitcoin as a form of payment and considers it a crucial element of the future financial system.
With the increase in its bitcoin reserves, The Smarter Web Company demonstrates confidence in digital assets as a means of preserving value and hedging against inflation.
