British technology firm Smarter Web has significantly expanded its Bitcoin holdings with a recent purchase of 230 additional BTC, acquired for $24.7 million. This latest investment brings the company's total Bitcoin portfolio to 773.58 BTC.
The acquisition was made at an average price of $107,126 per Bitcoin, demonstrating the company's continued confidence in the cryptocurrency's long-term value. As reported in British Smarter Web Invests $24.7M in Bitcoin, Now Holds 773 BTC, these strategic purchases are part of Smarter Web's comprehensive ten-year investment plan.
To date, Smarter Web has allocated over $82.6 million to Bitcoin acquisitions, all executed under a single, consistent investment strategy. The company's approach reflects growing institutional interest in cryptocurrency as a store of value and hedge against traditional market volatility.
This latest move positions Smarter Web among the more significant corporate holders of Bitcoin, with its holdings now valued at approximately $83 million based on current market prices.