London-listed technology firm The Smarter Web Company PLC announced the acquisition of an additional 325 Bitcoin at an average price of £83,525 ($112,157) per coin.
Key Takeaways:
The Smarter Web Company purchased 325 Bitcoin, increasing its total holdings to 1,600 BTC.
The company’s Bitcoin treasury has achieved a year-to-date yield of 39,258%.
Smarter Web introduced a new metric to analyze the performance and valuation of Bitcoin treasury companies.
The purchase, valued at roughly £27.1 million ($36.5 million), brings the company’s total bitcoin holdings to 1,600 coins, according to an announcement on Wednesday.
The company’s average acquisition cost across all holdings is £79,534 per bitcoin, representing a cumulative investment of about £127.3 million.
Smarter Web Company Advances “10 Year Plan” with £4M Treasury Reserve
Smarter Web Company offers web design, development, and digital marketing services and has embraced bitcoin as part of its treasury management since 2023.
Aligned with its “10 Year Plan,” the firm continues its policy of steadily increasing bitcoin reserves, supported by approximately £4 million in available treasury funds for future purchases.
The company also noted its impressive Bitcoin treasury yields, citing a year-to-date return of 39,258% and a 30-day yield of 419%.
In conjunction with the purchase, Smarter Web Company introduced a new analytical tool called the Price to Bitcoin Yield Ratio (P/BYD).
This metric is designed to help investors evaluate the performance and valuation of companies holding bitcoin as treasury assets, similar to how the price-to-earnings (P/E) ratio functions for traditional stocks.
The company believes bitcoin will play a fundamental role in the future global financial system and has integrated bitcoin payments into its operations to reflect this conviction.
Smarter Web Company trades on the Aquis Stock Exchange in London, OTCQB in the United States, and the Frankfurt Stock Exchange.
Last week, the firm announced the acquisition of an additional 226.42 Bitcoin for approximately £17.87 million ($24 million).
Meanwhile, other UK firms are also ramping up their Bitcoin bets amid Britain’s unclear regulatory stance on digital assets.
Vinanz, a London-listed Bitcoin treasury company, has acquired 37.72 BTC, bringing its total holdings to nearly 59 BTC.
In April, investment firm Abraxas Capital made waves with a Bitcoin purchase exceeding $250 million.
Spot Bitcoin ETFs Extend Inflows to Nine Days with $403M Added
U.S. spot Bitcoin exchange-traded funds (ETFs) continued their strong performance on Tuesday, marking nine straight days of net inflows with $403 million added, according to SoSoValue data.
BlackRock’s IBIT led the inflows with $416.35 million, followed by VanEck’s HODL, which gained $19 million. Other funds like Grayscale’s Mini Bitcoin Trust and Bitwise’s BITB also saw positive inflows.
Despite these gains, some funds experienced outflows. Grayscale’s GBTC lost $41.22 million, Fidelity’s FBTC saw $23 million withdrawn, and Ark & 21Shares’ ARKB dropped by $6.21 million.
Still, spot bitcoin ETFs have amassed a total of $53.07 billion in net inflows, with $4.4 billion coming in over the past nine trading days.
Ethereum spot ETFs mirrored this trend, recording eight consecutive days of inflows, adding $192.33 million on Tuesday alone.
The sustained investor interest reflects growing confidence in digital assets.
Bitcoin currently trades near $117,373, maintaining key support levels after pulling back from its recent peak of $123,000.
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