The Smarter Web Company Buys 35 Bitcoin, Lifting Holdings to 2,747 BTC
Key Takeaways
- •The Smarter Web Company added 35 Bitcoin for approximately £2 million ($2.7 million) at a net average cost of £82,562 per coin, bringing total holdings to 2,747 BTC.
- •The purchase is part of the company's 10 Year Plan of continuous Bitcoin treasury accumulation, which began on April 28, 2025, with an initial 2.3 BTC purchase for $215,695.
- •Since April 2025, the firm has made gross Bitcoin purchases totaling £235.5 million and gross sales of £8.7 million.
- •The company has drawn £20.5 million under its Coinbase Strategic Credit Facility, a Bitcoin-collateralized line with a 6% variable rate, equating to roughly 14.8% leverage.
- •The disclosure came as Bitcoin traded below $77,000 after briefly exceeding $80,000 in late August, with Strategy also recently buying 4,603 BTC for $370 million.
The Smarter Web Company, a U.K. public company, has added 35 Bitcoin to its corporate treasury at a net average cost of £82,562 per Bitcoin, bringing its total holdings to 2,747 BTC. The purchase, disclosed on Sept. 2, cost approximately £2 million, or roughly $2.7 million.
The acquisition forms part of the company's 10 Year Plan, a policy of ongoing Bitcoin purchases for its treasury that began on April 28, 2025, with an initial 2.3 BTC bought for $215,695. Since then, the company has continued accumulating Bitcoin under the stated plan. The approach places the firm among a growing set of publicly listed companies, most prominently Strategy, that hold Bitcoin on their balance sheets as a treasury asset rather than for operational use.
Treasury Details
According to the disclosure, the Smarter Web Company has made gross Bitcoin purchases totaling £235.5 million since April 2025. Over the same period, it has also recorded gross Bitcoin sales of £8.7 million.
Coinbase Credit Facility
Alongside the purchase, the company disclosed £20.5 million in total drawings under its Coinbase Strategic Credit Facility, representing an approximate leverage ratio of 14.8%. The facility is secured against the company's existing Bitcoin holdings, carries a variable interest rate of 6%, and can be repaid without additional charges. Borrowing against Bitcoin collateral has become a way for corporate holders to raise funds without selling coins outright, and the disclosed 14.8% leverage ratio indicates the company's borrowings remain modest relative to the size of its treasury.
Market Backdrop
The treasury update comes as Bitcoin trades below its recent August high. The cryptocurrency briefly moved above $80,000 in late August before falling below $77,000 at the time of writing.
Strategy, another major corporate Bitcoin holder, also adjusted its position during the same period, recently buying 4,603 BTC for $370 million after selling 6,916 BTC earlier in the summer.
The September disclosure details both the Smarter Web Company's holdings and its financing position: 2,747 BTC in treasury and £20.5 million drawn under the credit facility. Its Bitcoin accumulation began in April 2025 with the initial 2.3 BTC purchase, and the latest 35 BTC acquisition brings the reported total to 2,747 BTC.
