The Smarter Web Company, a UK-based firm, has crossed a major milestone by holding over 2,000 BTC in its corporate treasury—positioning itself among the top 25 public companies with the largest bitcoin reserves globally.
$27 Million Bitcoin Purchase Adds 225 BTC to Treasury
In its latest move, the company has purchased 225 BTC for approximately $26.57 million, averaging around $118,080 per bitcoin. This acquisition follows a recent fundraise of £19.7 million, generated through a share subscription round that priced over 6 million shares at £3.25 each.
This aggressive accumulation strategy reflects the firm’s shift from web design into a full-fledged bitcoin treasury strategy.
Total Holdings Reach $242 Million in BTC
Following this purchase, the company now holds a total of 2,050 BTC, acquired at an average cost of $108,556 per BTC, amounting to a total investment of $222.54 million. With the current BTC price at $118,085, the firm’s holdings are now worth approximately $242 million, showing an unrealized profit of $19.53 million, or 8.8%.
This makes the Smarter Web Company the largest UK corporate holder of bitcoin.
Rapid Rise Among Public Bitcoin Holders
With more than 1,500 BTC purchased in July alone, the company has jumped from 36th to a top-25 spot among public bitcoin-holding firms. CEO Andrew Webley is targeting entry into the top 20 in the coming weeks.
Currently, industry leaders include:
- Strategy: 628,791 BTC
- MARA: 50,000 BTC
- Tether-backed Twenty One: 43,500 BTC
- Others like Riot Platforms and Trump Media follow.
Cash Reserves Ready for More Bitcoin Buys
As of July 30, the firm has £500,000 ($669,000) in remaining cash reserves ready for additional BTC acquisitions, aligning with its long-term commitment to bitcoin as a primary treasury asset.
Its fast-paced strategy signals increasing institutional confidence in bitcoin as a long-term store of value.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.