Once upon a time, in the misty lands of the United Kingdom, there was a quaint little web design firm known as The Smarter Web Company (SWC). This firm, much like a sparrow that suddenly decides it wants to be an eagle, has dramatically shifted its focus towards the glittering world of cryptocurrency investment. 🦅✨
Recently, in a move that would make even the most seasoned crypto enthusiasts raise an eyebrow, the company expanded its Bitcoin holdings by purchasing an additional 225 BTC, valued at around $25.9 million. It’s enough to make one wonder if they’ve got a secret stash of fairy dust or just a lot of faith in digital currencies. 🧚♂️💸
The company, never one to shy away from the limelight, disclosed this development on Friday, announcing that it had purchased 225 BTC for a total of £19,596,574 (approximately $26.4 million), paying an average price of $118,076 per Bitcoin. That’s more than a few cups of coffee, wouldn’t you say? ☕😂
This latest acquisition brings the firm’s total Bitcoin holdings to 1,825 BTC, with an average purchase price of $109,088 per coin. If you’re keeping score at home, that’s a pretty impressive haul. 📊🏆
SWC has reported a year-to-date Bitcoin yield of an impressive 43,787% on its treasury holdings. Over the past 30 days alone, it has achieved a Bitcoin yield of 189%. One can only imagine the champagne corks popping in their offices. 🥂🎉
The firm currently holds about £1,000,000 in net cash within its treasury, available for future Bitcoin investments. It’s like having a piggy bank, but instead of pennies, it’s stuffed with digital gold. 🐷💎
Earlier this month, The Smarter Web Company added 230.05 BTC as part of its transition to a Bitcoin treasury-focused firm. It seems they’ve caught the crypto bug and aren’t letting go anytime soon. 🦠🚫
SWC Releases Interim Financial Report
In its recently released interim financial report, the Bitcoin-focused firm listed on the Aquis Exchange announced a widening of its losses for the six months ending April 30, 2025. Yes, you read that right—losses. But hey, who said being a pioneer was easy? 🤷♂️💔
The company posted a net loss of £719,566 (around $968,640), a significant increase from the £372,640 ($501,605) loss reported during the same period in the prior year. It’s a bit like trying to catch a falling knife, but SWC seems determined to keep swinging. ⚔️🔥
Andrew Wembley, the Chief Executive Officer of SWC, noted, “Alongside our core business, we believe that Bitcoin is the best asset the world has ever seen, and because of this, we use Bitcoin as a treasury asset for capital being held for future business needs.” It’s a bold statement, but then again, so is wearing a monocle to a tech conference. 👓💻
Wembley added that since the company’s IPO, it has “raised well over £100 million in equity capital, with no debt (other than a small director loan repaid post-period end), positioning us exceptionally well to pursue our long-term vision.” It’s like they’re building a digital fortress, brick by digital brick. 🏰🚧
After this recent purchase, The Smarter Web Company is now ranked 26th in the world among publicly traded companies that own Bitcoin, based on available data. It ranks just below The Blockchain Group, which holds 1,955 BTC and announced earlier this year a year-to-date Bitcoin yield of 1,348.8%, along with quarterly gains of 5.7%. It’s a race to the top, and SWC is sprinting with all its might. 🏃♂️💨
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2025-07-25 20:48