London Stock Exchange-listed Smarter Web Company said it has increased its Bitcoin holdings by 83 BTC, taking its total stash to 2,830 BTC. The company said the purchase was worth £5.202 million, with an average acquisition price of about £62,700 per Bitcoin. Smarter Web also said the funds used for the latest purchase came from preferred share financing. According to the company, the financing was also used to reduce its borrowing from Coinbase. The update was cited by Techub News, which referenced CoinPost. No additional details were provided in the source material about the timing of the transaction beyond the published alert, or about the terms of the preferred share financing and the Coinbase borrowing arrangement.
Smarter Web Company, which is listed on the London Stock Exchange, said it bought 83 more Bitcoin, lifting its total holdings to 2,830 BTC.
The company said the latest purchase totaled £5.202 million, with an average purchase price of about £62,700 per Bitcoin.
Smarter Web said the funds came from preferred share financing and were used to reduce its borrowing from Coinbase.
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