The UK-based Bitcoin Treasury Department has continued its accumulation streak, this time replenishing its portfolio with millions of dollars purchases.
On Wednesday, July 16th, 2025, the smarter web company announced that it had increased its Bitcoin holdings by 325 BTC and acquired its Bitcoin holdings for £27.15 million ($36.45 million). The coin was purchased for an average price of £83,525, or $112,157 per Bitcoin.
This latest purchase comes less than a week after the company added 275 BTC at an average price of $108,182 to strengthen the Treasury growth strategy. With the new purchase, Smarter Web holds a total of 1,600 BTC, with the Ministry of Finance among the top 25 institutional owners in the world.
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Smarter Web acquired Bitcoin at an average price of £79,534 (approximately $106,798). The company’s holdings are up about 11% as BTC is currently trading at $118,700. The company recently launched a 10-year accumulation strategy and aims to build a steady long-term holding.
Smarter Web Company has been involved with Crypto since 2023, since it began accepting Bitcoin payments. Its growing Treasury reflects wider changes between traditional institutions that currently view BTC as a reliable long-term asset.
In Europe, the French-based blockchain group has also adopted a similar approach, currently ranked as the region’s first dedicated Bitcoin finance company. The US and Japanese companies have also built a variety of reserves, contributing to a significant rise in institutional adoption.
As previously reported by Crypto.News, around 125 institutions currently hold Bitcoin in the Treasury. This number surged particularly in the second quarter, up 60.9% compared to the first quarter.
Meanwhile, Bitcoin itself continues to gain ground, and has recently surpassed $123,000. At a press conference, the Crypto Market giant was around $119,300, up nearly 3% over the past 24 hours.
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