The Smarter Web Company Increases Bitcoin Holdings by 100 BTC to 2,878 BTC in June

According to its mid-year earnings update released on June 30, UK-listed company The Smarter Web Company increased its bitcoin treasury by 100 BTC at an average price of approximately £57,700, bringing total holdings to 2,878 BTC. The company reported a Q2 bitcoin return of 15.29%, with an average cost basis of £80,950 per BTC and total capital deployed of approximately £233 million.

The company stated that its bitcoin treasury is a core strategy for its balance sheet and will continue accumulating BTC without diluting equity. Currently operating approximately 16.3% leverage through Coinbase financing tools, the company's enterprise value-to-bitcoin holdings ratio stands at 0.84 as of June 29, indicating a discount position.