Smarter Web Company in the UK buys $24.7M in BTC, raising holdings to 773 BTC.

From Cointelegraph

July 01, 2025 08:18:00 AM:

The Smarter Web Company in the UK expands Bitcoin treasury, buying 230.05 BTC for $24.7 million at an average price of $107,126 per coin. The London-listed firm now holds 773.58 BTC worth over $82.6 million. The purchase is part of a 10-year plan to drive growth through Bitcoin accumulation.

The company also raised $62 million through recent fundraising efforts, diluting existing shareholders’ stakes by 9%. CEO Andrew Webley and family hold around 11.3% of the company. Smarter Web began accepting Bitcoin as payment in 2023, believing it is a core part of the future financial system.

UK-listed firms are racing to buy Bitcoin, with at least nine small-cap companies announcing purchases or plans to add the cryptocurrency to their treasuries. This includes AI services group Tao Alpha raising $137 million, Smarter Web Company buying 196 Bitcoin, Panther Metals purchasing a single Bitcoin, and others securing funds for Bitcoin investments.

Read more at Cointelegraph: Smarter Web Buys $24.7M in BTC, Lifts Holdings to 773 BTC