Overview
- The Smarter Web Company disclosed on May 26 that it purchased 10 Bitcoin at about £55,786 each, spending £557,865 and raising its total to 2,869 BTC.
- The firm's cumulative Bitcoin outlay now stands at £232.48 million with an average cost of £81,032 per BTC, so the latest buy was below its overall cost basis.
- Management reports a quarter‑to‑date 'Bitcoin yield' of 15.43 percent, a KPI the company uses to track changes in its BTC holdings relative to fully diluted shares.
- The company has drawn £18 million from a Coinbase‑arranged credit facility secured by its Bitcoin, representing roughly 12.19 percent leverage and carrying a variable 6.75–7.25 percent rate with no prepayment penalty.
- Smarter Web is pairing BTC accumulation with acquisitions and organic growth to boost recurring revenue, a move that places it among public firms treating Bitcoin as a strategic balance‑sheet asset and could raise scrutiny of its use of secured borrowing.