The Smarter Web Company Acquires 225 BTC for $26.57 Million

The Smarter Web Company (SWC) has expanded its Bitcoin holdings significantly. Key points include:

  • On July 30, SWC purchased an additional 225 BTC for approximately $26.57 million, averaging $118,080 per Bitcoin.
  • SWC now holds a total of 2,050 BTC, making it the 25th largest corporate holder globally.
  • The recent purchase followed a £19.7 million capital raise through the sale of new shares announced on July 28.
  • 6,057,914 shares have been sold at about £3.25 each, with 7,942,086 shares remaining in this round.
  • Updates on share subscriptions will be provided bi-weekly to expedite payments.
  • SWC reported a year-to-date return of approximately 49,198% on its Bitcoin holdings and a 224% gain over the past 30 days.
  • The company has around £500,000 in cash available for further Bitcoin investments.