The Smarter Web Company announced the acquisition of an additional 10 Bitcoin as part of its ongoing treasury strategy under “The 10 Year Plan,” increasing the company’s total holdings to 2,869 Bitcoin.

According to the company, the latest purchase was completed at an average price of £55,786 per Bitcoin, representing a total investment of approximately £557,865. 

The company stated that its aggregate Bitcoin holdings have been acquired for roughly £232.5 million at an average purchase price of £81,032 per Bitcoin.

The company also reported a quarter-to-date BTC Yield of 15.43%, a metric used to measure the percentage change in the ratio of total Bitcoin holdings to fully diluted shares outstanding over a given period.

Following the latest acquisition, The Smarter Web Company disclosed that total borrowings under its Coinbase strategic credit facility reached £18 million, representing an approximate leverage ratio of 12.19%.

The company stated that the terms of the Coinbase facility remain unchanged. 

The loan is secured against its Bitcoin holdings, carries a variable interest rate between 6.75% and 7.25%, and can be repaid without additional charges at the company’s discretion.

The Smarter Web Company, which provides web design, development, and online marketing services, began accepting Bitcoin payments in 2022 and has since incorporated a Bitcoin treasury strategy into its broader corporate growth plans.