London Firm Adds £3.5M in Bitcoin to Treasury
The Smarter Web Company boosts its Bitcoin treasury by £3.5M, reaching 168.08 BTC in total holdings.
- UK tech firm buys 45.32 BTC worth £3.5M
- Total Bitcoin treasury now stands at 168.08 BTC
- Move reflects growing corporate confidence in Bitcoin
In a bold move reflecting rising corporate interest in digital assets, London-based tech company The Smarter Web Company has added 45.32 Bitcoin to its treasury, worth approximately £3.5 million. This strategic acquisition raises the firm’s total Bitcoin holdings to 168.08 BTC, signaling strong confidence in Bitcoin’s long-term value.
This trend echoes a broader shift where more companies are adopting Bitcoin as a store of value and hedge against fiat currency inflation. The Smarter Web Company’s growing Bitcoin portfolio places it among a growing list of enterprises that now view cryptocurrency not just as a speculative asset but as a treasury reserve.
Why Are Companies Betting on Bitcoin?
The decision to hold Bitcoin in company reserves often stems from concerns about currency devaluation and a desire for assets with long-term growth potential. As governments worldwide continue expansive monetary policies, Bitcoin’s capped supply and decentralized nature offer an appealing alternative.
For The Smarter Web Company, the move also strengthens its image as a future-forward business aligning with modern financial innovation. Other tech companies like MicroStrategy and Tesla have similarly taken Bitcoin positions, reinforcing the asset’s credibility in corporate finance.
A Vote of Confidence in Crypto
Bitcoin’s institutional adoption has accelerated in recent years, and each new corporate buy bolsters market sentiment. The Smarter Web Company’s latest purchase adds to the narrative that Bitcoin is transitioning from a fringe asset to a mainstream financial instrument.
Such acquisitions can also influence public perception, investor confidence, and potentially even the asset’s price movement. With 168.08 BTC now under its belt, the company has cemented its position in the growing circle of Bitcoin-friendly businesses.
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