Bitcoin Purchase
The Smarter Web Company PLC has purchased an additional 35 Bitcoin for £2,012,286, bringing their total holdings to 2,747 Bitcoin with a net average purchase price of £82,562 per Bitcoin. The company also reported a Quarter-to-Date BTC Yield of -3.63% on its treasury. Following this purchase, total drawings under the Coinbase strategic credit facility are £20,500,000, representing an approximate leverage ratio of 14.80%, with the loan secured against Bitcoin holdings at a variable interest rate of 6.00%.
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- Amount Purchased: £2,012,286
- Total Bitcoin Holdings: 2,747 Bitcoin
- Net Average Purchase Price: £82,562 per Bitcoin
- Gross Bitcoin Purchases: £235,544,889
- Gross Bitcoin Sales: £8,745,918
- Net Bitcoin Purchases: £226,798,971
- The Company has achieved a Quarter-to-Date BTC Yield* of -3.63% on its treasury
* As defined below
Coinbase Strategic Credit Facility
Following the Bitcoin purchase announced today, total drawings under the facility are £20,500,000, representing an approximate leverage ratio of 14.80%. 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 6.00%, 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.