UK-based web design and marketing company Smarter Web has raised £41.2 million ($56.59 million) and a few days later it purchased 196 bitcoins to increase its growing stake.
company explain On Thursday, acceleration investors are through acceleration book building, a process that usually raises funds quickly in a day or two without any marketing.
The smart networking company raised £36.27 million ($49.8 million) with a study and £4.97 million ($6.82 million) through a subscription. The quote is £2.9 per share ($3.98).
The company expects the shares issued by both products to take effect from July 1.
A salary increase is a few days after holding 540 bitcoins
The salary increase comes after two days of smart network companies explain It spent over $20 million to buy 196.8 Bitcoin (BTC) with an average price of $103,290.
As of Tuesday, the company held 543.52 BTC, with an average price of $104,450 and is currently worth about $58.19 million.
source: Smart network company
The smart networking company has purchased BTC five times in June, with its Bitcoin stack increasing from 83.24 BTC was up to 543.52 BTC in late May, adding 460.28 BTC in less than 30 days.
The company launched a Bitcoin Treasury strategy in April, but has accepted Bitcoin as payment since 2023.
Stock price in recent purchases of Bitcoin
In the United States, smart network companies trade on OTCQB, an over-the-counter market consisting of early-stage or development center companies.
Shares of Smarter Web Company PLC (TSWCF) fell 15% and closed at $3.56 after closing at an intraday low of $3.19 on Thursday, according to for Google Finance.
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After the bell, its stock fell another 1.8% and ended its after-hours meeting at $3.49. Despite a recent decline, the company’s stock has consistently grown by 274%.
UK companies buy Bitcoin
Despite the country’s Lack of clear laws Focusing on digital assets.
Vinanz, a London Stock Exchange-listed company, explained this on Tuesday in a way that Bitcoin Treasury sells get 37.72 BTC increased its total stake to 58.68 BTC.
In April, London-based investment firm Abraxas Capital purchased valuable bitcoin More than $250 million.
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