British firm The Smarter Web Company reinforces Bitcoin and invests USD $ 20 million


By Angel di Matteo @Shadowargel

The company based in the United Kingdom completed the purchase of 196.9 BTC, raising their institutional reserves at about 543.52 BTC In just a few months.

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  • The company accumulates 543.52 BTC acquired for more than USD $ 56.8 million.
  • Invested USD $ 20 million to acquire more Bitcoin.
  • It is backed by Utxo Management, directed by the CEO of Bitcoin Magazine.

The Smarter Web CompanyTechnological firm based in the United Kingdom, announced the purchase of about 196.9 BTC After an investment of GBP £ 15.2 million (USD $ 20.3 million), a measure to strengthen its reservation strategy Bitcoin due to the growing institutional interest in the main digital currency.

According to several reports published today, the new purchase made by the company elevates its institutional holdings to about 543.52 BTC, which would have been acquired at an average price of GBP £ 77,988 (USD $ 104,450) per unit.

The Smarter Web Companywhich originally offered web design, development and digital marketing services, has been carried out since April a formal accumulation policy Bitcoin. According to the company, this decision responds to its belief that the digital currency will perform a key role in the future financial system.

His 10 -year plan seeks to expand both through organic growth and through strategic acquisitions Bitcoin, with the aim of maximizing the value for shareholders.

Good performance in the bag

The company was listed in the Aquis bag Under the symbol SWC on April 25 through a reverse acquisition. After announcing your crypto strategy, The price of its shares was fired almost 20,000%, reaching a diluted market capitalization exceeding GBP £ 1 billion (USD $ 1.4 billion), surpassing brands such as Aston Martin.

However, after the most recent purchase Bitcoin, The value of the action fell approximately 50%. Despite volatility, SWC The company with the greatest value in Aquis, surpassing a Mears Group, the second most valuable with less than GBP £ 350 million (USD $ 476 million).

Aquis It is a British stock market for small and medium -sized companies, with less than 100 listed companies and a total capitalization of GBP £ 5,000 million (USD $ 6.8 billion). Although it offers lower contribution costs than London bagits liquidity and institutional visibility are considerably minor.

The influence of Utxo Management

The rise of The Smarter Web Company is linked to Utxo Management, An investment firm Bitcoin led by David Bailey, also CEO of Bitcoin Magazine. The latter and Tyler Evans (cio de Utxo) are part of the board of directors SWC and participated as investors before their IPO.

Utxo It also supports other signatures with similar strategies, such as Metaplenet and The Blockchain Group. In parallel, Bailey leads Nakamoto, Another project with an ambitious treasury objective Bitcoin which recently raised its goal to USD $ 763 million.

Regulatory risks and warnings

Despite the confidence of the company in its strategy, the United Kingdom Financial Behavior Authority (FCA) Consider this type of investments as high risk. David Duong, Global Research Chief of Institutional coinbase, He recently warned about the possible systemic risk if corporate leverage continues in cryptoactive, although he pointed out that in the short term the pressure seems contained.

The Smarter Web Company FOrma part of a growing group of British companies, about 12 so far, which have adopted treasury policies BTC According to data from Bitcoin Treasuries, The second largest in the United Kingdom is Phoenix Digital Assets with 250 BTC (USD $ 26 million), followed by Coinsilium with 43.11 BTC (USD $ 4.5 million).

The phenomenon reveals how a trend originally reserved for giants such as Strategy It expands to secondary markets and smaller companies, marking a new chapter at the intersection between financial technology, corporate and cryptoactive investment.


Article written by a content editor. Edited by Angel Di Matteo / Diariobitcoin

Original image of Unspash

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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