Smarter Web Company (AQSE:SWC), the UK’s largest publicly listed Bitcoin holder, has added 100 BTC to its balance sheet in a $12.1 million transaction, lifting its total Bitcoin holdings to 2,650 BTC valued at approximately $219.5 million.
The company said it paid an average price of $120,480 per coin for the latest acquisition, reinforcing its strategy of accumulating Bitcoin as a core treasury asset.
Based in Bristol, the firm emphasized its continued commitment to its “10 Year Plan,” which focuses on gradually converting treasury reserves into Bitcoin while accessing capital markets for additional funding when market conditions allow.
“We believe that Bitcoin is the best asset the world has ever seen,” said Andrew Webley, CEO of Smarter Web Company. “As a public company, SWC can use capital markets to raise funds and strengthen its balance sheet by accumulating Bitcoin,” he added.
SWC reported a year-to-date BTC yield of 57,718% and a 50% increase in net asset value, underscoring the strong performance of its Bitcoin-focused strategy.
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