The Smarter Web Company (LSE:SWC) announced it has bought 10 Bitcoin at an average price of £58,891 per coin for a total of £588,911 as part of its ongoing treasury policy.
The Smarter Web Company, which provides web design, development and online marketing services and adopted a Bitcoin treasury policy in 2022, said its total average purchase price across holdings is now £81,275 per Bitcoin with total amount purchased of £230.82m and a Quarter-to-Date BTC Yield of 14.26%.
Following the purchase, total drawings under the Coinbase Strategic Credit Facility are £16.5m, representing an approximate leverage ratio of 10.89%, and the company said the facility remains secured against its Bitcoin, carries a variable interest rate of between 6.75% and 7.25% and is repayable at the company's discretion.
