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LONDON - The Smarter Web Company PLC (AQUIS:SWC) announced Wednesday it has purchased 30 additional bitcoin at an average price of £83,404.85 per bitcoin (approximately $112,846), according to a company press release.
The latest acquisition, valued at £2,502,145, brings the London-listed technology company’s total bitcoin holdings to 2,470 coins. The company’s average purchase price across all holdings stands at £82,421 per bitcoin ($111,516), with a total investment of £203,580,051.
The bitcoin purchase is part of what the company refers to as "The 10 Year Plan," which includes an ongoing treasury policy of acquiring the cryptocurrency. The company reports having approximately £400,000 in net cash available for potential future bitcoin purchases.
Smarter Web Company, which provides web design, development and online marketing services, began accepting bitcoin as payment in 2023. The firm has positioned its bitcoin treasury policy as a core element of its corporate strategy alongside organic growth and potential acquisitions.
The company disclosed that it has achieved what it terms a "Year-to-Date BTC Yield" of 56,796% on its treasury and a "30 Day BTC Yield" of 18%. BTC Yield is described as a key performance indicator reflecting the percentage change in the ratio of total bitcoin holdings to shares in issue over a given period.
Smarter Web Company trades on the Aquis Stock Exchange in London, with additional listings on the OTCQB market in the United States (TSWCF) and the Frankfurt Stock Exchange (3M8).
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