In a move that would make even the most seasoned Bitcoin enthusiasts raise an eyebrow, the Smarter Web Company has decided to expand its crypto reserves with a whopping $5 million bitcoin purchase. Yes, you read that right – they’re not just dipping their toes in the digital currency pool, they’re diving headfirst!
On this fateful Friday the 13th, the U.K.-based tech firm announced the acquisition of 74,27 Bitcoin, bringing their total reserves to a staggering 242.34 BTC, worth approximately $25 million. The average purchase price for these shiny new digital coins? A cool $109,256 per BTC. Not too shabby, eh?
The Smarter Web Company (#SWC $TSWCF) RNS Announcement: Bitcoin Purchase.
Purchase of additional Bitcoin as part of “The 10 Year Plan” which includes an ongoing treasury policy of acquiring Bitcoin.
Please read the RNS on our website:
— The Smarter Web Company (@smarterwebuk) June 13, 2025
This bold move is part of the company’s “10-year plan,” which involves ongoing purchases of BTC for their treasury. The strategy went into effect in April, shortly after the firm went public. The company has also accepted Bitcoin payments since 2023, proving that they’re not just talking the talk, but walking the walk when it comes to embracing the future of finance.
Founded in 2009 in the U.K., the Smarter Web Company focuses on web design, development, and other online services. They went public in 2025 through a reverse merger and are listed on the Aquis Stock Exchange. The firm currently has a market cap of more than £377.74 million, with shares rising from £4.50 to over £150 since going public. Talk about a smart investment!
Global firms join the Bitcoin bandwagon
Smarter Web Company is just one of several firms using BTC to boost their appeal to investors. Companies typically use a mix of equity and debt to expand their Bitcoin holdings. Management hopes that publicity from the purchases will drive investor interest in the company’s stock.
The strategy was originally pioneered by Michael Saylor, who turned his company into a leveraged bet on Bitcoin. Now, similar reserve accumulation is increasingly popular among a wide range of firms, including those whose core businesses are unrelated to Bitcoin or crypto. Among these companies is Trump Media & Technology Group, which plans to raise $2.5 billion to buy BTC with equity and debt. Memestock GameStop is another big BTC buyer, raising $1.75 billion to buy the crypto asset.
So, there you have it – the Smarter Web Company is leading the charge in the world of tech and treasure, proving that sometimes, the best way to stay ahead of the curve is to embrace the unconventional. And who knows, maybe one day we’ll all be paying for our web design services in Bitcoin! 🤑🚀
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2025-06-13 16:39