So, here we go again! A handful of UK-listed companies are now trying to make their balance sheets look more “modern” by attaching themselves to Bitcoin. You know, just a little Bitcoin here and there – no big deal. Some are buying, some are routing gold revenues into it, and one even decided to open retail crypto trading on the London Stock Exchange. It’s almost like a corporate version of jumping on a bandwagon, but hey, who doesn’t like a little digital asset action, right? 🤷♂️
Smarter Web Boosts Bitcoin Stash
The Smarter Web Company, a name that sounds suspiciously like someone who over-uses “disruptive tech” in their pitch meetings, decided to spend $4.73 million to buy 45.32 Bitcoin this month. That brings their total haul to a cool 168 BTC. Nice, right? But get this: that’s a 55% increase from their last purchase. They’re on a 10-year plan, which, you know, sounds like they’re just hoping Bitcoin keeps going up for the next decade. Sure, no pressure there. 💸
They’ve dropped nearly $18 million on Bitcoin so far, buying at an average price of $105,779 each. Buying when the market’s “Greed index” hits 72? Oh yeah, these guys are ready to hold onto Bitcoin through all the drama. Because why not, right? At this point, you’ve gotta just roll with it.
The Smarter Web Company (#SWC) RNS Announcement: Bitcoin Purchase.
Purchase of additional Bitcoin as part of “The 10 Year Plan” which includes an ongoing treasury policy of acquiring Bitcoin.
Please read the RNS on our website:
— The Smarter Web Company (@smarterwebuk) June 10, 2025
Mining Firm Converts Gold Sales
Bluebird Mining Ventures Ltd, which, let’s be honest, sounds like they mine for gold in a way that could probably win a “Most British Business Name” award, has decided to take their gold sales revenue and convert it directly into Bitcoin. Why? Well, because Bitcoin hit $111,965 in May and, apparently, gold just wasn’t cutting it anymore. You know, the usual story.
They’re now on a mission to become the first UK-listed gold company to go all-in on Bitcoin. They’re betting that Bitcoin will hold its value better than gold. But honestly, who’s counting? This is all just a giant, speculative gamble. We’ll see who laughs last. 🤣
Trading Platform Opens Crypto Doors
Meanwhile, IG Group, a long-standing trading firm on the London Stock Exchange, decided it was time to let the retail masses buy and sell Bitcoin, Ethereum, and Ripple directly through their platform. I mean, why not? Previously, you had to use ETFs or third-party wallets to get your hands on crypto. But now, IG Group is stepping up to offer that sweet, sweet crypto access right on their site. It’s like they realized people were tired of jumping through hoops. 🙄
Treasury Trend Spreads Among Firms
Oh, and just so you know, other British companies are totally hopping on the Bitcoin train. The talk around the office is all about setting aside some funds for Bitcoin. You know, just in case the price goes even higher. Some are even calling it a “buffer against inflation” – whatever that means. But don’t worry, it’s all perfectly rational and sound strategy. Or not. 😬
What’s really interesting here is that a lot of companies that used to be super cautious about digital assets are now thinking, “Why not?” It’s like they saw the high returns and said, “Hey, let’s give it a shot.” Well, folks, it looks like crypto isn’t just a fringe experiment anymore. It’s now part of the mainstream corporate treasury game. Buckle up! 🎢
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2025-06-12 13:44