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LONDON - The Smarter Web Company PLC (AQUIS:SWC) announced Thursday it has purchased an additional 45 bitcoin at an average price of £82,919 per bitcoin, according to a company press release.
The latest acquisition, valued at approximately £3.73 million ($5.03 million), brings the company’s total bitcoin holdings to 2,440 bitcoin. The company’s average purchase price across all holdings stands at £82,409 per bitcoin.
The technology firm, which provides web design, development and online marketing services, described the purchase as part of its "10 Year Plan" that includes an ongoing treasury policy of acquiring bitcoin.
Following the transaction, The Smarter Web Company reports having approximately £600,000 in net cash available for potential future bitcoin purchases.
The company began accepting bitcoin as payment in 2023 and has integrated cryptocurrency into its financial strategy. In the press release, the firm stated it "believes that Bitcoin forms a core part of the future of the global financial system."
The Smarter Web Company trades on the Aquis Stock Exchange in London, as well as on the OTCQB market in the United States under the ticker TSWCF and on the Frankfurt Stock Exchange under 3M8.
The company notes that while it considers bitcoin an appropriate store of value, cryptocurrency investments carry significant risks including price volatility and limited regulatory protection.
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