Following a new £7.62M subscription financing round, The Smarter Web Company purchased 295 bitcoins at an average of £89,000 each, boosting its total holdings to 2,395 coins amid substantial year-to-date returns.
PANews reported on August 12th that The Smarter Web Company acquired 295 bitcoins at an average price of £89,000 per coin, investing around £26.255 million. This purchase raised its total bitcoin holdings to 2,395 coins, with an updated average cost of £82,399 per coin and a cumulative investment of about £197.3 million. The company's BTC return has reached 55,069% since the beginning of the year and 76% over the past 30 days, and it holds approximately £700,000 in cash for future purchases. Additionally, a new round of subscription financing amounting to £7.62 million was completed.