The Smarter Web Company, a London-listed firm focused on web design and digital asset investment, has expanded its bitcoin treasury with a new acquisition of 295 BTC. The purchase, totaling £26.3 million ($35.2 million), was made at an average price of £89,000 ($119,412) per bitcoin.
The company used funds from a recent £7.6 million capital raise, generated through the placement of 3.45 million new shares. This raise forms part of a larger 14 million-share subscription, with 4.49 million shares still to be placed. Once the current tranche is completed, a new subscription agreement is expected to follow.
Bitcoin Holdings Reach 2,395 BTC With $20 Million in Unrealized Gains
Following the latest purchase, The Smarter Web Company now holds a total of 2,395 BTC, acquired at an average price of £82,399 ($110,555) per coin. The company’s total bitcoin investment now stands at £197.3 million ($264.8 million).
With bitcoin currently trading near $118,917, the value of the firm’s bitcoin holdings has grown to approximately $284.8 million. This gives the company an unrealized profit of around $20 million, solidifying its position as a rising name in the corporate crypto treasury space.
In addition to its bitcoin portfolio, the company holds a further £700,000 ($942,000) in cash, which it has earmarked for future bitcoin acquisitions. This signals an ongoing commitment to its digital asset strategy amid wider institutional adoption.
Company Climbs to 23rd Among Public Bitcoin Holders
Rapid and strategic bitcoin purchases in recent months have propelled The Smarter Web Company from 36th to 23rd place among public companies holding bitcoin, according to global rankings.
CEO Andrew Webley has set his sights on breaking into the top 20 within weeks, positioning the company alongside major corporate bitcoin holders such as MicroStrategy, Tesla, and Coinbase.
As the firm continues to blend its traditional digital business with an aggressive bitcoin treasury strategy, it’s quickly becoming a standout player in the evolving intersection of technology and finance.
