Bitcoin Purchase

In brief · summary, not quotable

The Smarter Web Company purchased 19 Bitcoin for £1.1m, bringing total holdings to 2,859 Bitcoin.

Bitcoin Purchased 19 Bitcoin
Average Purchase Price £57,971 per Bitcoin
Amount Purchased £1,101,453
Total Bitcoin Holdings 2,859 Bitcoin
Total Amount Invested £231,922,303
Quarter-to-Date BTC Yield 15.02%

Full announcement

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Amount Purchased: £1,101,453
Total Bitcoin Holdings: 2,859 Bitcoin
Total Average Purchase Price: £81,120 per Bitcoin ($108,709 per Bitcoin)
Total Amount Purchased: £231,922,303
The Company has achieved a Quarter-to-Date BTC Yield* of 15.02% on its treasury

* As defined below

Coinbase Strategic Credit Facility

Following the Bitcoin purchase announced today, total drawings under the facility are £17,500,000, representing an approximate leverage ratio of 11.77%. 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

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.