The Smarter Web Company increased its holdings by 275 BTC as Bitcoin reached a new high, bringing its total reserves to 1275 BTC.

Key Points: London-listed companies continue to increase Bitcoin reserves

1. Latest Acquisition: The Smarter Web Company, a London-listed firm focusing on Bitcoin reserves, announced on July 11 that it has purchased 275 Bitcoins (BTC) again at an average price of £79,563 (approximately $108,182) per coin. The total cost of this acquisition is approximately £21.88 million.
2. Current Reserve Status: After completing this acquisition, the company's total Bitcoin holdings have increased to 1,275 BTC. The average purchase cost of these Bitcoins is £78,516 each (approximately $106,719), with a total investment amounting to approximately £100.1 million.
3. Milestone Followed Closely: This increase in holdings closely follows the company's acquisition of 226.42 BTC completed on July 7. This acquisition successfully crossed the important milestone of 1,000 BTC in reserves.
4. Amazing Yield: When reaching the milestone of 1,000 BTC, the company reported its year-to-date (YTD) Bitcoin yield of up to 26,242%. With the addition of 275 BTC and the Bitcoin price itself hitting a historic high (ATH) of $118,000 and showing further upward momentum, the year-to-date yield has surged to 31,263%. Furthermore, the company's reported 30-day Bitcoin yield also reached 497%.
5. Sufficient Ammunition: The Smarter Web Company confirms that it still holds approximately 31 million GBP in cash reserves, which can be used for future purchases of Bitcoin.

Company Bitcoin Strategy and Background

• Parallel dual-track payment and reserve: The company has started accepting customers to use Bitcoin payment since the beginning of 2023.
• Strategic Transformation: In April of this year, the company officially adopted the Bitcoin Treasury Strategy, positioning it as a means to hedge against fiat currency depreciation and a potential growth asset.
• Rolling Accumulation: Since then, the company has actively utilized surplus cash to continuously deploy purchases of Bitcoin on a Rolling Basis.
• Value Measurement: The company uses Bitcoin Yield (BTC Yield) as a key indicator to measure the value it creates for shareholders.
• Long-term Plan: Through its "Ten-Year Plan", the company aims to steadily accumulate Bitcoin.

Industry Trends and Background

• European Companies Follow Suit: This increase in holdings occurs against the backdrop of the growing popularity of companies adopting Bitcoin reserve strategies. This strategy was first advocated by Michael Saylor's Strategy, and now more and more European companies are following suit.
• The Rise of Diverse Crypto Reserves: At the same time, corporate crypto reserve strategies involving Ethereum (ETH), as well as the recently gaining attention for including altcoins such as Ripple (XRP) and Solana (SOL), are gradually attracting attention, indicating that corporate options for allocating crypto assets are expanding.