Bitcoin Purchase
The Smarter Web Company PLC has purchased an additional 10 Bitcoin for £557,865, bringing their total holdings to 2,869 Bitcoin with an average purchase price of £81,032 per Bitcoin. The company has also drawn £18,000,000 under its Coinbase strategic credit facility, representing a leverage ratio of approximately 12.19%, with the loan secured against existing Bitcoin holdings and carrying a variable interest rate between 6.75% and 7.25%. The company reported a Quarter-to-Date BTC Yield of 15.43% on its treasury.
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- Amount Purchased: £557,865
- Total Bitcoin Holdings: 2,869 Bitcoin
- Total Average Purchase Price: £81,032 per Bitcoin ($108,801 per Bitcoin)
- Total Amount Purchased: £232,480,168
- The Company has achieved a Quarter-to-Date BTC Yield* of 15.43% on its treasury
* As defined below
Coinbase Strategic Credit Facility
Following the Bitcoin purchase announced today, total drawings under the facility are £18,000,000, representing an approximate leverage ratio of 12.19%. 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.