The Smarter Web Company added 100 BTC in June, bringing its total holdings to 2,878 BTC.
Foresight News reported that the UK-listed company The Smarter Web Company has released its interim performance update. As of June 30, its Bitcoin treasury held a total of 2,878 BTC. In June, the company added 100 BTC at an average price of approximately £57,700. The Bitcoin yield rate for the second quarter reached 15.29%. Currently, the average holding cost of Bitcoin is £80,950, with a total investment of about £233 million.
The company stated that the Bitcoin treasury is a core strategy on its balance sheet, and it will continue accumulating Bitcoin without diluting equity, aiming to increase the amount of Bitcoin per share in the long term. The company is currently employing moderate leverage on its holdings through a financing tool provided by an exchange, with a leverage ratio of about 16.3%. As of June 29, the ratio of the company's enterprise value to its Bitcoin holdings was 0.84, indicating a discounted state.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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