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Smarter Web purchases $24.7 million on BTC, boosting to 773 BTC

by | Jul 1, 2025 | Crypto | 0 comments

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UK-based web design and marketing company The Smarter Web has expanded its Bitcoin Treasury to buy 230.05 BTC for £17.97 million ($24.7 million) with an average price of 78,103 pounds ($107,126).

The listed company is now acquiring at an average price of 78,022 pounds ($107,015) at 773.58 BTC, investing its total Bitcoin (BTC) over $82.6 million, according to a document Tuesday.

The purchase is part of Smarter Web’s “10-year plan,” a strategy launched in April aims to drive transparent growth through a fiscal policy for digital assets that focuses on Bitcoin accumulation to support “long-term business value.”

The company said it still has about £38 million ($52.3 million) in cash to deploy it to more bitcoin purchases.

Summary submitted by smart network companies. Source: Intelligent Network Company

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Smart network raises $62 million

The document also details recent fundraising efforts, earning about £45 million ($62 million) from a series of subscription and accelerated books. These moves reduced the existing shareholders’ shares by 9%.

The update also disclosed a major director’s equity following the fundraising, with CEO Andrew Webley and his family owning approximately 11.3% of the company.

Smarter Web begins accepting Bitcoin as payment in 2023. “The company believes that Bitcoin forms a core part of the future of the global financial system and as companies explore opportunities through organic growth and corporate acquisitions,” the document reads.

Related: Texas Governor Signs Bill to Add Bitcoin to Official Reserves

UK companies compete to buy Bitcoin

Smarter Web’s recent purchase is because UK-listed companies are stacking Bitcoin. Over the past week, at least nine small companies in exchanges like Aquis have announced Bitcoin purchases or plans to add cryptocurrencies to their treasury.

These include AI Services Group Tao Alpha, which plans to raise £100 million ($137 million) and Smarter Web Company after unveiling its Bitcoin strategy, which has purchased 196 bitcoins to increase its growing stake.

Additionally, Panther Metals revealed that it purchased a Bitcoin. Bluebird Mining Ventures received £2 million ($2.7 million) to buy Bitcoin, while Vinanz attracted £3.58 million ($5 million) in funding.

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