Bitcoin News: Smarter Web’s £166.7M Holdings Skyrocket with 49,198% YTD Return
In a groundbreaking move, UK-listed tech firm Smarter Web has expanded its Bitcoin holdings to 2,050 coins, now valued at £166.7 million. This strategic acquisition highlights the firm’s confidence in Bitcoin as a long-term reserve asset, with a staggering 49,198% year-to-date return. Here’s what you need to know.
How Smarter Web’s Bitcoin Strategy Outperforms Traditional Assets
Smarter Web’s recent purchase of 225 BTC at an average price of £88,482 per coin reinforces its “10 Year Plan.” This disciplined approach has yielded a 224% gain in just 30 days, far surpassing traditional investments. Key aspects of their strategy include:
- Systematic Bitcoin accumulation to average down costs
- Integration of Bitcoin into corporate treasury as a digital reserve
- Accepting BTC for client payments since 2023
Why Bitcoin News Matters for Institutional Investors
Smarter Web’s transparency about risks—such as lack of FCA regulation—hasn’t deterred institutional interest. Their hybrid model blends Web3 principles with traditional finance, offering a blueprint for SMEs. Risks include:
- Bitcoin’s inherent volatility
- Potential cyberattacks or liquidity shocks
- Market downturns impacting capital preservation
The Future of Crypto Treasury Strategies
Smarter Web’s success mirrors U.S. firms like MicroStrategy but stands out by embedding Bitcoin deeply into financial planning. Their model could influence broader corporate strategies, especially for businesses prioritizing inflation-resistant assets.
FAQs
Q: How much Bitcoin does Smarter Web hold?
A: 2,050 BTC, valued at £166.7 million.
Q: What is Smarter Web’s YTD return on Bitcoin?
A: An astounding 49,198%.
Q: Does Smarter Web mine or trade Bitcoin?
A: No, it holds Bitcoin as a non-custodial reserve asset.
Q: What risks does Smarter Web highlight?
A: Volatility, cyber threats, and lack of FSCS protection.
