Smarter Web Company Reaches New Heights with $36 Million Bitcoin Buy
In a move that might leave you scratching your head, the UK-based Smarter Web Company has decided to double down on its Bitcoin obsession, adding yet another pile of digital gold to its ever-growing stash. And no, it’s not small potatoes; we’re talking about a hefty £27.15 million ($36.45 million) plunked down for 325 BTC. Each coin? A mere £83,525, or a charming $112,157. Not too shabby, huh? Must be nice!
But wait, hold on – this wasn’t their first rodeo. Just days earlier, they picked up 275 BTC for an average price of $108,182, because why not keep buying? The company’s been busy with its “accumulation strategy” – you know, the one that’s been working so well for them. Now, Smarter Web proudly holds 1,600 BTC, an amount that places them in the company of the top 25 institutional holders worldwide. Who knew a digital asset could make you feel so powerful? 😎
But here’s where it gets interesting: Smarter Web originally bought their BTC at a cool £79,534 ($106,798) each. With Bitcoin now trading at $118,700, their holdings have risen by about 11%. It’s almost like they know what they’re doing… or maybe they just got really lucky? Either way, they’re riding high on their ten-year strategy to slowly stockpile Bitcoin, just in case it becomes even more valuable than it already is. Hey, no rush!
The company hasn’t always been this Bitcoin-happy. In 2023, they started accepting Bitcoin as payment. And now, they’re part of a growing movement of traditional institutions who’ve seen the light and decided BTC might actually be a thing in the long run. Shocking, I know.
And they’re not alone! In France, the Blockchain Group has emerged as the region’s first dedicated Bitcoin treasury company. And across the U.S. and Japan, firms are lining up to add Bitcoin to their portfolios. It’s almost like everyone’s trying to outdo each other in the crypto game – isn’t it adorable? 😜
According to crypto.news, around 125 institutions are now in the Bitcoin treasury game. But here’s the kicker: this number skyrocketed by 60.9% in Q2, compared to Q1. So much for those who thought Bitcoin was a passing fad.
As for Bitcoin’s market performance, it’s been going from strength to strength. Recently, it surged past $123,000, and as of the latest data, it’s hovering around $119,300 – a nice little 3% bump in the last 24 hours. Who’s laughing now? Oh, right – everyone who bought early.
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2025-07-17 09:13