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- Hey Square fam! How many Alpha points have you racked up lately?
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Smarter Web company adds 36 million dollars Bitcoin
The Smarter Web, a web design company from the United Kingdom, has shifted its focus to a Bitcoin fund and announced that it has purchased an additional 325 BTC for £27.15 million (36.45 million dollars ). Currently, the company holds a total of 1,600 BTC, surpassing Fold to enter the top 25 publicly traded companies holding Bitcoin funds.
With the current price of Bitcoin at 118,850 dollars, the company has gained about 11.3% on its investment. The Smarter Web Company also holds 4 million pounds (5.36 million dollars) in cash in the fund.
The company provides web design services and has accepted payments in Bitcoin since 2023. Their 10-year plan focuses on expanding customers and selectively purchasing Bitcoin to create long-term value for shareholders. They also introduce the P/BYD ratio to analyze the performance of the Bitcoin fund.