The Smarter Web Company has purchased an additional 225 Bitcoin for £19.6 million ($26 million), bringing its total holdings to 1,825 BTC worth approximately $216 million as corporate cryptocurrency treasuries continue expanding across global markets despite recent volatility.
The London-listed technology company acquired Bitcoin at an average price of £87,096 ($118,076) per coin, achieving a year-to-date BTC yield of 43,787% on its treasury strategy.
The firm maintains approximately £1 million in net cash available for future Bitcoin deployments.
Public Companies are Increasingly Adopting Crypto Treasuries
Smarter Web joins an accelerating wave of public companies building substantial cryptocurrency reserves, with over 278 companies now holding 3.6 million Bitcoin on their balance sheets.
Source: Bitcoin Treasuries NetThe corporate treasury trend has expanded beyond Bitcoin to include Ethereum, Solana, and other alternative cryptocurrencies.
MicroStrategy leads global corporate holdings with 607,770 Bitcoin, worth approximately $43 billion.
The company faces a class-action lawsuit over its treasury strategy, but continues aggressive accumulation through equity offerings.
Similarly, BitMine Immersion Technologies emerged as the largest corporate Ether holder after acquiring 566,776 ETH, worth $2.03 billion, over a 16-day period.
Chairman Tom Lee announced plans to stake 5% of Ether’s total supply, potentially controlling $22 billion worth of the cryptocurrency.
The corporate adoption wave spans multiple sectors and geographies, as firms seek alternatives to traditional cash management amid concerns about inflation and currency volatility.
European Companies Lead Bitcoin Treasury Adoption Surge
Swedish companies have spearheaded European Bitcoin adoption, with H100 Group achieving 510.28 Bitcoin holdings through aggressive July purchases totaling over 309 coins.
The health technology company transformed into Sweden’s first publicly listed Bitcoin treasury firm and secured a listing on the Frankfurt Stock Exchange.
Similarly, Fragbite Group launched its Bitcoin strategy by purchasing 4.3 Bitcoin at $112,958 per coin, raising 6 million Swedish krona through interest-free convertible loans.
The gaming company’s move positions it as an early pioneer in the revolutionary digital asset space.
Refine Group has also established a $1 million Bitcoin treasury, backed by fresh capital, and raised 10 million Swedish krona through directed share issues.
The Stockholm-based company created a new Digital Assets business area alongside traditional operations.
MARA Holdings also announced plans to raise $850 million through zero-coupon convertible notes, potentially expanding to $1 billion to purchase additional Bitcoin for its existing treasury of 44,893 BTC.
The mining company faces profitability pressures following Bitcoin’s April halving event.
Additionally, NextGen Digital Platforms acquired $1 million in Bitcoin as its first cryptocurrency purchase, with board approval for a treasury allocation of up to 80% in digital assets.
CEO Matthew Priebe cited Bitcoin’s long-term resilience and its potential as a hedge against traditional market risks.
Market Volatility Tests Corporate Conviction Amid Skepticism
The global cryptocurrency market shed 6.7% on Friday, erasing over $160 billion from its total market capitalization as Bitcoin retreated from its $120,000 highs to $115,300.
Galaxy Digital sparked concerns by offloading 10,000 Bitcoins worth $1.18 billion, further pressuring markets.
Over $721 million in leveraged positions were liquidated in 24 hours, with Ethereum leading at $163.9 million, followed by Bitcoin at $155.5 million.
The largest single liquidation occurred on OKX’s Bitcoin market, valued at $17.35 million.
Crypto analyst Ran Neuner claimed that many treasury companies act as exit vehicles for insiders rather than genuine buyers, receiving crypto contributions from existing holders in exchange for shares that trade at massive premiums on public markets.
Similarly, Glassnode analyst James Check warned about the sustainability of Bitcoin treasury strategies, arguing that easy gains may be exhausted for new entrants as the market matures.
Despite skepticism, institutional adoption continues accelerating. Trump Media holds $2 billion in Bitcoin and related securities, representing two-thirds of its $3 billion liquid assets.
The company plans to convert $300 million in options to spot Bitcoin, depending on market conditions.
Strategy expanded its preferred stock offering from $500 million to $2 billion to fund additional purchases amid strong investor demand, pricing new “Stretch” shares at $90 each.
The company continues directing capital from debt and equity offerings toward increasing its massive Bitcoin reserves.
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