British Company Can't Get Enough of Bitcoin: Challenging the List with Huge Purchases!

The Smarter Web Company, based in the UK, continues its Bitcoin (BTC) purchases without slowing down, reaching a total of 1,275 BTC.

In a statement, The Smarter Web Company announced that it purchased 275 Bitcoins for approximately 29.75 million dollars. The company made its latest purchase at an average price of 108,182 dollars per Bitcoin. Thus, the company's total Bitcoin investment has reached 136.1 million dollars.

Although Bitcoin has been breaking records against the US dollar recently, it is still 3.6% behind its all-time high in sterling. The Bitcoin price, which reached 89,633 pounds in January, is currently trading around 86,410 pounds. This situation is due to the weak performance of the dollar against other currencies.

The Smarter Web Company had previously announced a purchase of 226.42 BTC four days ago, raising its total Bitcoin amount to 1,000. With these rapid purchases, the company rose to 28th place among firms with the largest Bitcoin reserves among publicly traded companies. Key figures in the community indicate that the company could rise to the top 20 within a month, or even to the top 15 in two weeks. CEO Andrew Webley stated, "Our goal is to rise to the top ranks in a shorter time. We do our best every day."

Bitcoin investments are increasing in the UK

While US-based companies maintain their leadership in Bitcoin investments, UK-based companies are also increasing their Bitcoin reserves. The Smarter Web Company is clearly the leader among companies investing in Bitcoin in its country.

The current Bitcoin price is around 117,478 dollars, and The Smarter Web Company's investment has already gained approximately 10% in value.