UK Tech Firm’s $2.5M Bitcoin Bet: The Next Big Crypto Power Move?
The Smarter Web Company PLC splurges £1.85M on 23.09 BTC, boosting its crypto treasury to 58.71 BTC. Is this UK tech firm’s bold Bitcoin strategy a game-changer for investors? Discover the impact of corporate crypto adoption!
The Smarter Web Company PLC, a UK-listed tech and web services provider, made headlines on May 23, 2025, by purchasing 23.09 Bitcoins for £1.85 million ($2.48 million), as announced on its website. Acquired at an average price of £80,126 ($107,424) per BTC, this move brings the company’s total Bitcoin holdings to 58.71 BTC, valued at £4.54 million. It’s part of their “10 Year Plan” to diversify their treasury with digital assets, following a £1.28 million BTC buy just days earlier on May 20.
This acquisition aligns with a surging Bitcoin market, with BTC hitting $111,861 amid institutional enthusiasm and pro-crypto U.S. policies. The company, which has accepted Bitcoin payments since 2023, sees it as a long-term hedge against economic uncertainty. For new investors, this signals growing corporate confidence in Bitcoin, potentially driving its value higher. However, Bitcoin’s volatility—evident in its recent $70,000–$112,000 swings—poses risks. The Smarter Web’s stock may see increased interest, but regulatory shifts or market dips could challenge gains. This bold step could inspire other firms, but beginners should diversify and stay informed.
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The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
