Bitcoin
Smarter Web Company Adds 11.89 Bitcoin to Corporate Treasury
The company has expanded its Bitcoin holdings to 2,712 BTC through an August 3 purchase, resuming its accumulation strategy after settling convertible debt the previous month.
Smarter Web Company purchased 11.89 Bitcoin on August 3, raising its corporate treasury from 2,700 to 2,712 BTC. The acquisition marks a resumption of strategic accumulation following a temporary reduction in holdings needed to resolve financing obligations. According to the company, the purchase price averaged approximately $63,328 per coin, or £47,052. The transaction positions the firm as the 28th largest corporate Bitcoin holder globally.
The latest purchase comes after the company completed early settlement of its $11.7 million Smarter Convert financing arrangement in July. To fulfill that commitment, management liquidated 177.8909127 BTC at an average price of $65,762 per coin, eliminating debt obligations ahead of schedule. The settlement also removed 7,718,551 contingent ordinary shares from the fully diluted share calculation.
Management reports the firm's net average purchase price at approximately $111,548 per coin, with total gross Bitcoin investments accumulated to £233.5 million and net investments standing at £224.8 million following historical disposals. At the time of the August purchase, Bitcoin was trading around $63,000, meaning the treasury maintains a substantial unrealized loss based on current market valuations versus historical acquisition costs.
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