UK’s Smarter Web Company acquires $12.1 million in Bitcoin, adding 100 BTC at an average price of $120,480 per coin. Total holdings now at 2,650 BTC worth $219.5 million. Company follows 10-year plan to convert treasury assets into Bitcoin. CEO Andrew Webley believes in Bitcoin’s value, yielding 57,718% YTD.

Smarter Web considers acquiring struggling competitors for discounted Bitcoin. Founder Andrew Webley eyes undervalued companies to boost holdings. Company briefly hit £1 billion market cap, gaining 150% YTD. Follows treasury strategy adopted by other public companies like MicroStrategy in the US.

Smarter Web ranks 30th among top 100 public BTC treasury companies globally. Leads in UK with over $200 million in Bitcoin reserves. David Bailey of Bitcoin Magazine predicts dominance in UK treasury market. Market analysts question sustainability of crypto treasury trend as companies rush to accumulate digital assets.

Hargreaves Lansdown warns against cryptocurrencies, stating Bitcoin lacks intrinsic value. UK FCA lifts ban on crypto investment products, but delays in approvals slow consumer access. Hargreaves Lansdown plans to allow trading of crypto ETNs for “appropriate clients” in 2026. Cautious stance despite growing interest in speculative exposure to crypto market.

Read more at Yahoo Finance: UK-Listed Smarter Web Company Buys $12.1M in Bitcoin, Lifts Holdings to 2,650 BTC