The Smarter Web Company has announced the acquisition of 225 additional Bitcoins, acquired at an average price of £87,096 (approximately $110,000) per coin. This move is part of the company’s ongoing strategy to strengthen its digital asset portfolio and increase its exposure to Bitcoin.
The purchase marks a significant investment in the cryptocurrency market, reflecting growing institutional interest in Bitcoin as a long-term store of value and a hedge against inflation. With this acquisition, The Smarter Web Company further signals confidence in the long-term viability of decentralized assets amid global economic uncertainty.
Though the total value of the recent investment was not disclosed, at current prices the acquisition represents a commitment of nearly £20 million. The company has not released details regarding its overall Bitcoin holdings or future acquisition plans.
This move follows a broader trend of corporations adding Bitcoin to their balance sheets, a strategy popularized by firms such as MicroStrategy and Tesla. With market volatility continuing to impact traditional assets, cryptocurrencies are increasingly being considered as part of diversified investment strategies for technology-forward enterprises.
The Smarter Web Company has not provided additional comments on how it plans to manage its digital assets or whether it will consider other cryptocurrencies in the future.
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