– The Smarter Web Company purchases 25 Bitcoin at £92,009 each – Total Bitcoin holdings increased to 2,550 BTC – Average purchase price of holdings is £82,547 per Bitcoin – Bitcoin price rose above $126,000 on Oct. 6 – CoinMarketCap shows Bitcoin trading at $123,940.75
The Smarter Web Company, a London-listed tech firm, has expanded its Bitcoin holdings with a purchase of 25 [BTC](https://holder.io/coins/btc/). This acquisition is part of a 10-year strategy, bringing their total to 2,550 BTC.
Key Points:
- Recent purchase of 25 BTC at an average price of £92,009 ($124,018) per Bitcoin.
- Total Bitcoin holdings now amount to 2,550 BTC.
- Total investment in Bitcoin stands at £210,493,768, with an average purchase price of £82,547 ($111,265) per BTC.
- Bitcoin price peaked above $126,000 on October 6.
- The company reports a Year-to-Date BTC Yield of 57,439% and a Quarter-to-Date BTC Yield of 0.10%.
This recent acquisition aligns with the company's ongoing policy of accumulating Bitcoin as part of a long-term plan. Prior purchases this year include 45 BTC at $111,758 each, boosting their holdings from approximately 2,440 BTC.
In September, the company also initiated a subscription agreement to issue 21 million ordinary shares, further supporting their Bitcoin acquisition strategy.