London-listed The Smarter Web Company (LSE: SWC) announced on May 26 that it had acquired 10 Bitcoins at an average price of £55,786 per coin, equivalent to approximately $74,904. The total purchase price was £557,865, bringing the company’s total Bitcoin holdings to £2,869. $BTC.
The company’s cumulative investment in Bitcoin now stands at £232.48 million, with an average acquisition cost of £81,032 ($109,000) per coin. $BTChighlighted that recent purchases were carried out well below the overall cost basis.
The company values Bitcoin as a financial reserve asset and positions Bitcoin as a core element of its capital allocation framework.
Management said the company achieved a quarter-to-date Bitcoin yield of 15.43%. This yield is a metric used to measure the change in Bitcoin holdings relative to the number of fully diluted shares. KPIs reflect a company’s focus on driving growth. $BTC Accumulation, not short-term price movements.
The acquisition follows the continued use of a credit facility arranged with Coinbase, from which the company has drawn down £18m to date. This corresponds to a leverage ratio of approximately 12.19%, confirming the company’s willingness to use debt financing to increase its Bitcoin exposure.
Coinbase’s facilities are secured against the company’s existing security. $BTC I own it and have a variable interest rate of 6.75% to 7.25%. In particular, the loan can be repaid at the company’s discretion without penalty, giving it flexibility to manage leverage depending on market conditions.
Bitcoin as a treasury asset
Smarter Web Company, which provides web design, development, and online marketing services, begins accepting applications. $BTC Payment was completed in 2022 and we have since integrated this asset into our broader corporate strategy. In addition to organic growth, the company is also pursuing acquisitions to expand its customer base and recurring revenue streams.
With this move, The Smarter Web Company $BTC– A finance-centric model that mirrors strategies pioneered by companies like Strive and Strategy.
Just today, Strive’s SATA preferred stock absorbed approximately 453 Bitcoins. This exceeds the entire daily mining supply, marking a record surge in demand and confirming its rapid rise as a major player. $BTC an accumulation vehicle and an increasing challenger to Strategy’s dominance in financial growth.
Over the past two weeks, Strategy (MSTR) has shifted its focus from buying Bitcoin to buying back $1.5 billion in convertible notes at an 8% discount, saving capital while reducing debt. At the same time, the company continued to grow. $BTC We expanded our position by issuing shares, bringing the total number of shares held to 843,738 shares. $BTC This is because we actively rebalanced our balance sheet.
This post Smarter Web Company Adds 10 Bitcoins, Increases Holdings to 2,869 $BTC “Amid Treasury Push” first appeared in Bitcoin Magazine and was written by Micah Zimmerman.
