The Smarter Web Company has expanded its corporate Bitcoin treasury to 2,712 BTC after purchasing an additional 11.89 Bitcoin on August 3, 2026. The London-listed firm paid an average of £47,052 (approx. $63,328) per Bitcoin, resuming accumulation just weeks after a significant BTC sale to retire convertible debt.
The acquisition moved the company to 28th place in the BitcoinTreasuries.NET corporate Bitcoin rankings, up from earlier positions. The purchase follows the early repayment of the $11.7 million Smarter Convert financing instrument in July, when the company sold 177.8909127 BTC at an average price of $65,762 per coin to settle the obligation. That repayment removed 7,718,551 potential ordinary shares from the fully diluted count.
Despite the debt settlement, management reaffirmed its 10 Year Plan to build a Bitcoin treasury, calling the latest acquisition a continuation of that long-term policy. The company’s net average Bitcoin purchase price now stands at £82,886 (approx. $111,548) per coin, well above the market price near $63,000 at the time of the transaction. Gross Bitcoin purchases total £233.5 million, with net purchases of £224.8 million after past sales.
The company also reported a negative 4.80% Bitcoin yield for Q2 2026, reflecting dilution, and disclosed an £18.5 million draw from a Coinbase credit facility at 6% interest, representing roughly 17% leverage against its Bitcoin holdings. On the same day as the BTC purchase, the company raised £1.016 million through share placements and warrant exercises, increasing total issued shares to 374.84 million.
Earlier milestones include holding 2,470 BTC in September 2025 after appointing Coinbase Institutional as an additional custodian and reaching 2,650 BTC in October 2025 through a 100 BTC buy. The latest addition reinforces the firm’s status as the largest publicly traded corporate Bitcoin holder in the United Kingdom.
