The Smarter Web Company, a UK-based web design firm transitioning into a bitcoin treasury-focused business, has purchased an additional 225 BTC — worth roughly $25.9 million at current prices — as it continues to accumulate bitcoin.
The company announced Friday that it bought 225 BTC for £19,596,574 ($26.4 million) at an average price of $118,076 per bitcoin. Its latest bitcoin purchase brought its total holdings to 1,825 BTC, acquired at an average price of $109,088 per bitcoin.
The Aquis-listed firm also noted that it has about £1,000,000 ($1.3 million) in net cash in treasury available to be deployed into bitcoin.
With 1,825 BTC in holdings, The Smarter Web Company now ranks 26th globally among publicly listed corporate bitcoin holders, according to data from Bitcointreasuries.net.
Also on Friday, the company disclosed its interim financial statements. For the six months ended on April 30, 2025, it reported a loss of £719,566 ($968,640) compared to a loss of £372,640 ($501,605) in the same period the previous year.
“Alongside our core business we believe that Bitcoin is the best asset the world has ever seen and because of this we use Bitcoin as a treasury asset for capital being held for future business needs,” said Andrew Webley, CEO of The Smarter Web Company, in the report.
“Since our IPO, we have raised well over £100 million in equity capital, with no debt (other than a small director loan repaid post-period end), positioning us exceptionally well to pursue our long-term vision,” Webley added. The company went public on April 25, 2025, on the Aquis Stock Exchange in London.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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