The Smarter Web Company, the UK's largest corporate Bitcoin holder, is considering acquiring struggling competitors to bolster its Bitcoin reserves, according to CEO Andrew Webley. Speaking to the Financial Times, Webley expressed interest in purchasing competitors at a discount to expand the company's asset base. The firm, which holds 2,470 Bitcoins valued at nearly $275 million, aims to join the UK's FTSE 100 index and anticipates a name change as part of its strategic growth.
Despite these ambitions, Smarter Web's stock price recently dropped nearly 22%, falling from $2.01 to $1.85. The company is currently ranked as the 25th largest corporate Bitcoin reserve holder globally, according to BitcoinTreasuries.NET.
Smarter Web Company Eyes Discounted Acquisition of Competitors
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