The purchase was made under the company’s “10 Year Plan,” increasing its total Bitcoin treasury to 2,859 BTC.
The Smarter Web Company said it purchased 19 additional Bitcoin as part of its “10 Year Plan,” bringing its total holdings to 2,859 BTC. The announcement indicates the company continues to build a Bitcoin treasury, a strategy in which businesses allocate part of their balance sheet to the cryptocurrency as a long-term reserve asset.