The Smarter Web Company, a UK-based web design agency, has made significant investments in Bitcoin, increasing its total holdings to 1,825 BTC.
Steady Growth
The Smarter Web Company, specializing in bespoke web solutions and online marketing, purchased 225 bitcoins at an average price of £87,096 ($118,076 per unit). In its recent announcement, the company disclosed that its total holdings now stand at 1,825 BTC, amounting to a total worth of over $210 million at recent prices. It was also noted that the net cash and cash equivalents of the company have increased to £1,230,946M ($1.65 million), representing a growth of over 5,500% compared to the same period last year.
Organizational Plan
The company is following its '10-year plan' which aligns with the view of the directors that digital assets, including Bitcoin, help preserve value over time and act as a hedge against inflation. The overall goal is to enhance its treasury in the short term while implementing its organic growth strategy, which will then facilitate the medium to long-term plan for strategic acquisitions.
CEO Statement
CEO Andrew Webley stated: > 'We have a clear plan to deliver significant value for our shareholders, and today we document this so that our shareholders can share in this exciting journey. We are focused on accelerating short-term growth by scaling our proven core services while also exploring strategic acquisitions that could unlock compelling value.'
The Smarter Web Company continues to actively invest in Bitcoin, reflecting the company's confidence in digital assets as a means of value preservation and growth potential.
