Bitcoin Purchase
The Smarter Web Company PLC has purchased an additional 9 Bitcoin for £492,942, bringing their total holdings to 2,878 Bitcoin with an average purchase price of £80,950 per Bitcoin. The company also reported a Quarter-to-Date BTC Yield of 15.79% on its treasury. Following this purchase, total drawings under their Coinbase strategic credit facility are £18,500,000, representing a leverage ratio of approximately 13.25%, with the loan secured against existing Bitcoin holdings and carrying a variable interest rate between 6.75% and 7.25%.
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- Amount Purchased: £492,942
- Total Bitcoin Holdings: 2,878 Bitcoin
- Total Average Purchase Price: £80,950 per Bitcoin ($108,537 per Bitcoin)
- Total Amount Purchased: £232,973,110
- The Company has achieved a Quarter-to-Date BTC Yield* of 15.79% on its treasury
* As defined below
Coinbase Strategic Credit Facility
Following the Bitcoin purchase announced today, total drawings under the facility are £18,500,000, representing an approximate leverage ratio of 13.25%. 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
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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.