Is This UK Tech Firm Crazy or Just Brilliant for Betting $215M on Bitcoin?

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So, The Smarter Web Company, right? A web design firm with a name that screams, “We think we’re clever!” has decided to throw a whopping $215 million into Bitcoin—because why not? Who wouldn’t want to buy a digital currency that fluctuates more than my mood on a Monday? 😄

They just added 225 BTC to their shiny little collection, paying about $26.4 million for the privilege. That’s over $118,000 per coin. I mean, if you’re going to blow your cash, you might as well get something elusive, right? Who needs boring old stocks? 😏

CEO Andrew Webley, in a bold proclamation, claims he believes deeply in Bitcoin’s long-term value. Classic move—talk about being ‘visionary’ while you’re losing nearly a million bucks this fiscal year. 🎤 Drop! “We see Bitcoin as the most compelling asset available today,” he says, as if Bitcoin is some kind of modern art masterpiece. Sorry, Andrew, but I don’t see the Monet in your balance sheet here! 😬

But wait, last year was even worse—over $500,000 down the drain! So naturally, they’re doubling down because deep losses clearly scream, ‘Continue!’ It’s like saying, “Hey, I lost a hundred bucks at the casino, let’s throw in another hundred!” Solid logic there. 🥴

Oh, and let’s not forget they went public on the Aquis Stock Exchange with over £100 million in equity, conveniently avoiding any debt. A rinse-and-repeat strategy if I’ve ever seen one! 😅 It’s like tossing cash at a magic trick hoping the rabbit hops back out with more cash.

So, with about $1.3 million still in cash for future BTC buys, it seems they’re pretty set on their crypto love affair. Good for them! Meanwhile, in the UK, institutions are starting to warm up to crypto—can you imagine that? One day, it’s stocks and bonds, and the next—BAM!—everyone’s talking about Bitcoin like it’s the latest iPhone. 📱

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2025-07-26 09:27