UK's Smarter Web Company becomes the latest firm to expand its Bitcoin reserves.UK's Smarter Web Company becomes the latest firm to expand its Bitcoin reserves.

British tech firm expands crypto reserves with $5m bitcoin purchase

2 min read

Smarter Web Company expands its Bitcoin holdings, as more global firms turn to BTC

Corporate interest in Bitcoin (BTC) is reaching new highs, as more companies expand their holdings. On Friday, June 13, U.K.-based Smarter Web Company announced an additional purchase of 74,27 Bitcoin.

The purchase, worth about $7.7 million, brings the company’s reserves to 242.34 BTC, worth approximately $25 million. The latest transaction was made at an average purchase price of $109,256 per BTC. The overall average purchase price for its reserves stands at $107,002.

The purchase is part of the company’s “10-year plan,” which involves ongoing purchases of BTC for its treasury. The strategy went into effect in April, shortly after the firm went public. The company has also accepted Bitcoin payments since 2023.

Smarter Web Company was founded in 2009 in the U.K. and focuses on web design, development, and other online services. It went public in 2025 through a reverse merger and is listed on the Aquis Stock Exchange. The firm currently has a market cap of more than £377.74 million, with shares rising from £4.50 to over £150 since going public.

Global firms expand BTC holdings

Smarter Web Company is one of several firms using BTC to boost their appeal to investors. Companies typically use a mix of equity and debt to expand their Bitcoin holdings. Management hopes that publicity from the purchases will drive investor interest in the company’s stock.

The strategy was originally pioneered by Michael Saylor, who turned his company into a leveraged bet on Bitcoin. Now, similar reserve accumulation is increasingly popular among a wide range of firms, including those whose core businesses are unrelated to Bitcoin or crypto.

Among these companies is Trump Media & Technology Group, which plans to raise $2.5 billion to buy BTC with equity and debt. Memestock GameStop is another big BTC buyer, raising $1.75 billion to buy the crypto asset.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Securities Fraud Investigation Into Corcept Therapeutics Incorporated (CORT) Announced – Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm

Securities Fraud Investigation Into Corcept Therapeutics Incorporated (CORT) Announced – Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm

LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation
Share
AI Journal2026/02/05 04:00
Microsoft Corp. $MSFT blue box area offers a buying opportunity

Microsoft Corp. $MSFT blue box area offers a buying opportunity

The post Microsoft Corp. $MSFT blue box area offers a buying opportunity appeared on BitcoinEthereumNews.com. In today’s article, we’ll examine the recent performance of Microsoft Corp. ($MSFT) through the lens of Elliott Wave Theory. We’ll review how the rally from the April 07, 2025 low unfolded as a 5-wave impulse followed by a 3-swing correction (ABC) and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. Five wave impulse structure + ABC + WXY correction $MSFT 8H Elliott Wave chart 9.04.2025 In the 8-hour Elliott Wave count from Sep 04, 2025, we saw that $MSFT completed a 5-wave impulsive cycle at red III. As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 3 swings and find buyers in the equal legs area between $497.02 and $471.06 This setup aligns with a typical Elliott Wave correction pattern (ABC), in which the market pauses briefly before resuming its primary trend. $MSFT 8H Elliott Wave chart 7.14.2025 The update, 10 days later, shows the stock finding support from the equal legs area as predicted allowing traders to get risk free. The stock is expected to bounce towards 525 – 532 before deciding if the bounce is a connector or the next leg higher. A break into new ATHs will confirm the latter and can see it trade higher towards 570 – 593 area. Until then, traders should get risk free and protect their capital in case of a WXY double correction. Conclusion In conclusion, our Elliott Wave analysis of Microsoft Corp. ($MSFT) suggested that it remains supported against April 07, 2025 lows and bounce from the blue box area. In the meantime, keep an eye out for any corrective pullbacks that may offer entry opportunities. By applying Elliott Wave Theory, traders can better anticipate the structure of upcoming moves and enhance risk management in volatile markets. Source: https://www.fxstreet.com/news/microsoft-corp-msft-blue-box-area-offers-a-buying-opportunity-202509171323
Share
BitcoinEthereumNews2025/09/18 03:50
Over 80% of 135 Ethereum L2s record below 1 user operation per second

Over 80% of 135 Ethereum L2s record below 1 user operation per second

The post Over 80% of 135 Ethereum L2s record below 1 user operation per second  appeared on BitcoinEthereumNews.com. Ethereum’s L2s are not doing too well. Data
Share
BitcoinEthereumNews2026/02/05 03:52