UK-based web design firm The Smarter Web Company has acquired an additional 225 Bitcoin for $26.4 million (£19.6 million), increasing its total holdings to 1,825 BTC worth approximately $216 million. The purchase was executed at an average price of $118,076 per BTC, bringing the company's cumulative average acquisition cost to $109,088 per BTC. According to CEO Andrew Webley, this aligns with their digital transformation strategy: "We believe Bitcoin is the best asset the world has ever seen... we are investing capital we hold for future business needs in Bitcoin."
The company now ranks 26th globally among public companies holding Bitcoin, per Bitcointreasuries.net data. This follows their April 2025 IPO on London's Aquis Stock Exchange, where they raised over £100 million in equity capital while maintaining zero debt. The firm retains $1.3 million in cash reserves earmarked for future Bitcoin investments.
This acquisition occurs amid accelerating corporate cryptocurrency adoption, with 278 companies collectively holding 3.6 million BTC. MicroStrategy leads with 607,770 BTC ($43 billion), recently expanding a stock offering to $2 billion for further purchases. European firms show particularly strong momentum: Sweden's H100 Group accumulated 510.28 BTC, Fragbite Group initiated Bitcoin acquisitions, and MARA Holdings seeks $850 million to expand its 44,893 BTC treasury.
The trend extends beyond Bitcoin, exemplified by BitMine Immersion Technologies becoming the largest corporate Ethereum holder after acquiring 566,776 ETH ($2.03 billion) in 16 days. Chairman Tom Lee announced plans to stake 5% of ETH's total supply, potentially controlling $22 billion worth of the cryptocurrency.
Despite Friday's 6.7% market decline that erased $160 billion in capitalization and triggered $721 million in liquidations, institutional adoption continues. Trump Media holds $2 billion in Bitcoin-related assets (66% of liquid reserves), while skepticism persists. Analysts like Ran Neuner warn some treasury firms act as "exit vehicles" for insiders, and Glassnode's James Check questions long-term strategy sustainability.