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The Smarter Web Company has made a significant move in the cryptocurrency space by increasing its Bitcoin holdings to 543.52 BTC. The UK-based web development firm acquired 196.9 BTC at an average price of $103,290.
This latest addition is part of the company’s long-term financial planning strategy, which highlights its growing confidence in Bitcoin as a store of value. By integrating crypto into its treasury reserves, Smarter Web joins a growing list of firms that are increasing their exposure to Bitcoin.
As a result of this strategic decision, the company has now significantly boosted its Bitcoin portfolio. The latest acquisition brings its total holdings to an impressive 543.52 BTC, further solidifying its stance in the cryptocurrency market.
It is worth noting that Smarter Web’s move reflects a growing trend among companies to diversify their financial portfolios by investing in cryptocurrencies like Bitcoin. This development underscores the increasing acceptance and recognition of digital assets as a viable option for long-term financial planning.
The company’s decision also highlights the potential benefits of incorporating crypto into treasury reserves, which may provide a hedge against market volatility and inflation.
Source: coinpedia.org
