Smarter Web, a leading tech firm, has made a new purchase of 275 BTC, bringing its total holdings to a staggering $80 million. The strategic move is part of the company’s “The 10 Year Plan,” a long-term strategy that includes an ongoing treasury policy of acquiring Bitcoin.
Smarter Web Adds 275 More BTC
Smarter Web’s latest purchase is the company’s fifth Bitcoin acquisition, with the firm now holding a total of 1,275 BTC valued at roughly $17.87 million. According to sources, the purchase was made through a regulated exchange, ensuring compliance and transparency in its treasury operations.
Smarter Web has made several Bitcoin purchases, with its purchase of 230 BTC in July. This brings their total to 1,000 BTC. Because of this buying strategy, they achieved a year-to-year Bitcoin yield of 31,263% and a 30-day yield of 497%. These figures show how quickly Bitcoin’s price has increased.
The firm’s “The 10-Year Plan” clearly outlines its vision for the future. The plan includes a strategy to keep acquiring Bitcoin, which has been vital to the company’s success. The rapid growth of Bitcoin has led Smarter Web to invest heavily in this cryptocurrency.
Bitcoin’s Price Hits New All-Time High
As Bitcoin continues to climb to new heights, holders like Smarter Web are reaping significant benefits. The company’s investment mirrors other notable and emerging firms across diverse sectors. For instance, Méliuz, a leading fintech company, recently raised $32.4 million to acquire more Bitcoin, solidifying its position as a crypto trailblazer in Latin America.
Meanwhile, Bitcoin’s price has changed a lot in the past 24 hours, showing its ongoing volatility and increasing interest in the market. According to CoinMarketCap, Bitcoin just hit a new all-time high of $118,303, which is a 6.63% increase from yesterday. This jump raised its total market value to about $2.35 trillion, with nearly $119.69 billion traded in the last 24 hours, showing strong market activity.
This rise comes after a time when Bitcoin had trouble going above $112,000 due to low demand for buying and high retail fear, uncertainty, and doubt (FUD). The recent increase is linked to factors like growing interest from institutional investors, with spot Bitcoin ETFs receiving almost $1.2 billion in daily inflows.
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