Bitcoin Purchase
The Smarter Web Company PLC has purchased an additional 25 Bitcoin for £1,499,865 at an average price of £59,995 per Bitcoin, increasing its total holdings to 2,830 Bitcoin with an average purchase price of £81,354 per Bitcoin. The company has also drawn £16,000,000 under its Coinbase strategic credit facility, representing a leverage ratio of approximately 10.37%, with the loan secured against its Bitcoin holdings and carrying a variable interest rate between 6.75% and 7.25%. The company reported a Quarter-to-Date BTC Yield of 13.86% on its treasury.
Select text to share a quote on X · sign in to keep highlights & notes in your SWC notes
- Amount Purchased: £1,499,865
- Total Bitcoin Holdings: 2,830 Bitcoin
- Total Average Purchase Price: £81,354 per Bitcoin ($110,641.50 per Bitcoin)
- Total Amount Purchased: £230,231,940
- The Company has achieved a Quarter-to-Date BTC Yield* of 13.86% on its treasury
* As defined below
Coinbase Strategic Credit Facility
Following the Bitcoin purchase announced today, total drawings under the facility are £16,000,000, representing an approximate leverage ratio of 10.37%. The Company will continue to provide updates on any material drawdowns or repayments in future regulatory announcements.
The terms of the facility with Coinbase remain unchanged. The loan is secured against the Company's existing Bitcoin holdings, carries a competitive variable interest rate of between 6.75% to 7.25%, and is repayable without additional charges at the Company's discretion.
Visit our website: https://www.smarterwebcompany.co.uk
Follow us on X: https://x.com/smarterwebuk
The Smarter Web Company's Legal Entity Identifier (LEI) is 213800VQO9FUG4PZMP73.
The Directors of the Company accept responsibility for the contents of this announcement.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.