ME News reports that on August 3 (UTC+8), London-listed tech company The Smarter Web Company increased its Bitcoin holdings by 9 BTC, raising its total holding to 2,712 BTC. Previously, Foresight News reported that The Smarter Web Company announced it had repaid approximately two weeks ahead of schedule the Smarter convertible notes held by entities affiliated with the TOBAM Group. The repayment amount was approximately $11.69 million, funded by the sale of 177.8909127 BTC at an average price of $65,762—these BTC were acquired entirely from the proceeds of its initial subscription funding. (Source: Foresight News)
The Smarter Web Company Adds 11.89 BTC, Total Holdings Reach 2,712 BTC
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Summary
The Smarter Web Company added 11.89 BTC on August 3 (UTC+8), increasing its total BTC holdings to 2,712 BTC. The purchase followed the early repayment of Smarter’s convertible notes tied to TOBAM Group. The company used $11.69 million in proceeds from the sale of 177.8909127 BTC (average price: $65,762), fully funded by subscription proceeds. BTC price and BTC dominance remain key metrics for institutional investors monitoring market shifts.
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