Smarter Web Company PLC Dives Deeper into Bitcoin with £1.85M Splash!

Tech Firm Bolsters Crypto Treasury Amid Market Highs

Hang onto your hats, crypto fans! The Smarter Web Company PLC just threw down £1.85 million to snag 23.09 BTC, cranking up their game in the digital asset space. This bold move is a key part of their sizzling "10 Year Plan" - talk about a long-term love affair with Bitcoin!

Listen up: Smarter Web, the UK's tech whizzes, just upped their Bitcoin stash with a cool 23.09 BTC purchase on May 23. They shelled out £1.85 million for it, which shakes out to about $2.48 million. And get this - they nabbed each BTC at an average price of £80,126, or $107,424 in US dollars. Cha-ching!

With this latest score, Smarter Web's total Bitcoin haul now stands at a whopping 58.71 BTC. They've been playing the long game, averaging £77,326 per BTC, with a total investment of £4.54 million. That's some serious skin in the crypto game!

What's the big idea? It's all part of Smarter Web's master plan - the "10 Year Plan" - which is all about stacking up a digital asset treasury, with Bitcoin leading the charge. And since 2023, they've been all about that Bitcoin life, even accepting it as payment. Talk about walking the walk!

But hold up - Smarter Web isn't the only one jumping on the Bitcoin bandwagon. Companies left and right are beefing up their BTC holdings like there's no tomorrow. Smarter Web might be fashionably late to the party, but they're making a statement with this buy, especially after BTC hit a new all-time high. Better late than never, right?

Before Smarter Web made their move, Abraxas Capital, another UK player, made waves in mid-April by scooping up nearly 3,000 BTC, worth over $250 million at the time. It's like a British invasion of the crypto world!

And let's not forget what's happening across the pond. In the U.S., Strategy is leading the charge, adding a mind-blowing 7,390 BTC to their stash in mid-May. That brings their total to a jaw-dropping 576,230 BTC. The Americans aren't messing around when it comes to Bitcoin!