smarterweb
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📰 UK’s Largest Bitcoin Treasury, Smarter Web, Eyes Discounted Acquisitions Amid Market Turbulence
Smarter Web Company, based in Bristol, UK, is exploring strategic acquisitions of struggling competitors to acquire their Bitcoin holdings at discounted prices. Despite its shares plummeting 73% from their mid-June peak, the company remains a significant player in the corporate Bitcoin space. Founder Andrew Webley expressed interest in one particular acquisition target, though he declined to name it. He noted that some crypto treasury companies now trade below the value of their Bitcoin holdings, presenting potential opportunities.
The firm currently holds 2,470 Bitcoin, valued at approximately £200 million, as part of its long-term "10 Year Plan." This strategy has resulted in a 49,198% year-to-date Bitcoin yield, positioning Smarter Web among the top 25 global corporate Bitcoin holders. Innovative financing methods, including the UK's first Bitcoin-denominated convertible bond worth $21 million, have supported this accumulation.
Webley emphasized that the company is open to acquiring other firms for their Bitcoin assets at discounted prices, leveraging market conditions to strengthen its position in the crypto treasury sector.
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$BTC
#BTC #SmarterWeb #BitcoinTreasuryETF #CryptoAcquisitions #CorporateBitcoin
Smarter Web Company, based in Bristol, UK, is exploring strategic acquisitions of struggling competitors to acquire their Bitcoin holdings at discounted prices. Despite its shares plummeting 73% from their mid-June peak, the company remains a significant player in the corporate Bitcoin space. Founder Andrew Webley expressed interest in one particular acquisition target, though he declined to name it. He noted that some crypto treasury companies now trade below the value of their Bitcoin holdings, presenting potential opportunities.
The firm currently holds 2,470 Bitcoin, valued at approximately £200 million, as part of its long-term "10 Year Plan." This strategy has resulted in a 49,198% year-to-date Bitcoin yield, positioning Smarter Web among the top 25 global corporate Bitcoin holders. Innovative financing methods, including the UK's first Bitcoin-denominated convertible bond worth $21 million, have supported this accumulation.
Webley emphasized that the company is open to acquiring other firms for their Bitcoin assets at discounted prices, leveraging market conditions to strengthen its position in the crypto treasury sector.
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$BTC
#BTC #SmarterWeb #BitcoinTreasuryETF #CryptoAcquisitions #CorporateBitcoin
ترجمة
UK’s Smarter Web Company Boosts Bitcoin Holdings to 773 BTC
The UK-based Smarter Web Company has increased its Bitcoin holdings by purchasing an additional 230.05 BTC for £17.97 million ($24.7 million), bringing its total investment in Bitcoin to over $82.6 million. The company’s average acquisition price per BTC is approximately £78,022 ($107,015). This move is part of Smarter Web’s “10-Year Plan” to accumulate Bitcoin as a core part of its Digital Assets Treasury Policy, aimed at enhancing long-term business value. The company also has about £38 million ($52.3 million) in cash reserved for future Bitcoin purchases. Smarter Web began accepting Bitcoin payments in 2023, reflecting its confidence in Bitcoin’s role in the global financial system, and joins a growing number of UK-listed firms adding Bitcoin to their treasuries.
$BTC $GBP #Bitcoin #DigitalAssets #CryptoTreasury #SmarterWeb
Follow for more updates on corporate Bitcoin adoption and crypto investments!
The UK-based Smarter Web Company has increased its Bitcoin holdings by purchasing an additional 230.05 BTC for £17.97 million ($24.7 million), bringing its total investment in Bitcoin to over $82.6 million. The company’s average acquisition price per BTC is approximately £78,022 ($107,015). This move is part of Smarter Web’s “10-Year Plan” to accumulate Bitcoin as a core part of its Digital Assets Treasury Policy, aimed at enhancing long-term business value. The company also has about £38 million ($52.3 million) in cash reserved for future Bitcoin purchases. Smarter Web began accepting Bitcoin payments in 2023, reflecting its confidence in Bitcoin’s role in the global financial system, and joins a growing number of UK-listed firms adding Bitcoin to their treasuries.
$BTC $GBP #Bitcoin #DigitalAssets #CryptoTreasury #SmarterWeb
Follow for more updates on corporate Bitcoin adoption and crypto investments!
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