UK-Listed Smarter Web Company Buys $12.1M in Bitcoin, Lifts Holdings to 2,650 BTC

Core Insights - Smarter Web Company, the UK's largest publicly traded Bitcoin holder, has purchased an additional 100 BTC for $12.1 million, raising total holdings to 2,650 BTC valued at $219.5 million [1][2] Group 1: Company Strategy and Performance - The company is committed to long-term value creation through its "10 Year Plan," focusing on converting treasury assets into Bitcoin and utilizing capital markets for funding when conditions are favorable [2] - Smarter Web Company has reported a year-to-date BTC yield of 57,718% and a net asset value growth of 50% [2] - The firm briefly achieved a £1 billion market capitalization over the summer and has gained approximately 150% year-to-date, outperforming all but one company in the FTSE 350 [5] Group 2: Market Position and Acquisitions - The company is exploring acquisitions of struggling competitors to acquire their Bitcoin at discounted prices, indicating a proactive approach to expanding its holdings [3][4] - Founder Andrew Webley noted that some crypto treasury companies are trading below the value of their Bitcoin reserves, presenting potential acquisition opportunities [4] - Smarter Web Company ranks 30th among the top 100 public BTC treasury companies, ahead of notable firms like American Bitcoin Corp and Microcloud Hologram [7] Group 3: Industry Context - The company is following a treasury strategy that has been successful for other public companies, with over 100 public companies now holding Bitcoin as a treasury asset [6]