UK Tech Firm’s $2.5M Bitcoin Blitz: Is This the Start of a Corporate Crypto Frenzy?
The Smarter Web Company PLC invests £1.85M in Bitcoin, pushing its treasury to 58.71 BTC. This bold move sparks a 20% stock surge. Could it ignite a wave of corporate crypto adoption?
On May 23, 2025, The Smarter Web Company PLC, a UK-listed tech firm, boosted its Bitcoin treasury with a £1.85 million ($2.48 million) purchase of 23.09 BTC, acquired at an average price of £80,126 ($107,424) per Bitcoin. This brings their total holdings to 58.71 BTC, valued at £4.54 million, as part of their “10 Year Plan” to embrace digital assets. The announcement, shared via their website, sent shares soaring nearly 20% intraday, reflecting investor enthusiasm.
This follows a £1.28 million BTC buy on May 20, aligning with a trend where firms like MicroStrategy hold over 300,000 BTC globally. Bitcoin’s rally past $111,000, driven by U.S. ETF inflows and pro-crypto policies, fuels such moves. For beginners, this signals Bitcoin’s growing role as a corporate hedge against inflation, but volatility—seen in BTC’s $70,000–$112,000 swings—poses risks. The Smarter Web’s strategy could attract crypto-savvy investors, but regulatory shifts or market dips may challenge gains. Diversify and stay informed to navigate this bold trend
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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.
