UK-Based Web Design Firm Acquires $35 Million in Bitcoin, Expanding Holdings

The UK-based web design firm, The Smarter Web Company, has made a major move in the cryptocurrency market by acquiring 295 Bitcoins worth approximately $35.2 million. This significant purchase elevates their total Bitcoin holdings to 2,395 BTC, with an average acquisition cost of $110,555 per coin. The company’s portfolio now stands at $285 million, representing a potential paper profit of around $20 million based on the current Bitcoin market price.