Smarter Web Company Adds $740k Worth of Bitcoin to Its Treasury

The Smarter Web Company PLC has made another significant Bitcoin purchase, adding 11.89 BTC to its treasury at an average price of £47,052 ($63,328) per coin.

This acquisition brings the company's total stash to 2,712 BTC and is part of its self-described '10 Year Plan' Bitcoin treasury strategy.

The Smarter Web Company's net average purchase price across all its Bitcoin acquisitions sits at £82,886 ($111,548) per coin, nearly double the current market price of around $63,000.

The company has also drawn £18.5 million from a credit facility with Coinbase, representing approximately 17% leverage at a 6% variable interest rate.