The British company Smarter Web, operating in the field of technology and digital services, has decided to add 24.54 new units of Bitcoin to its investment portfolio as part of what the company calls the "Decadal Plan" for accumulating cryptocurrencies. This investment took place on May 29 with a value of £2 million, equivalent to about $2.7 million, at an estimated price of $109,828 per Bitcoin.
With this addition, the total Bitcoin holdings of Smarter Web increased to 83.24 units, with a current market value of approximately $8.8 million. Although the company only began accumulating Bitcoin in April of this year, the recent purchase raised its digital asset holdings by nearly 30%, reflecting its long-term commitment to a digital asset growth strategy.
Smarter Web stated in an official announcement that its strategy is not limited to organic expansion only, but also includes acquisition plans targeting other companies to increase its customer base and enhance its recurring revenues. It is worth mentioning that the company started accepting Bitcoin as a payment method in 2023, which strengthens its position in the rapidly evolving digital currency landscape.
It is noteworthy that Smarter Web follows in the footsteps of other global companies such as American Strategy and Japanese Metaplanet, which have adopted a similar approach to enhance their Bitcoin holdings. In April, the British company Abraxas Capital acquired around 3,000 Bitcoin units worth $250 million, indicating a growing trend among companies to use cryptocurrencies as a hedge and asset diversification tool.
