Overview

• On August 12, The Smarter Web Company spent about $31 million to buy 295 BTC at an average price of $119,412 per coin, bringing its treasury to 2,395 bitcoins.
• The acquisition follows the launch of a £21 million Bitcoin-denominated convertible bond fully subscribed by Paris-based asset manager TOBAM, a UK first.
• Its total Bitcoin holdings are now worth around $265 million with an average cost near $110,555 per coin, generating an internal year-to-date return exceeding 55,000%.
• Since April the company has executed a systematic 10 Year Plan, growing its Bitcoin reserves from a modest 2.3 BTC to over 2,300 through phased purchases.
• The UK Financial Conduct Authority classifies Bitcoin as a high-risk asset and corporate treasuries lack Financial Services Compensation Scheme protection.