BTCSOS

The Smarter Web Company adds 83 BTC, total holdings reach 2,

2026-10-15 21:33 · 3 sources

BTC

UK-listed company The Smarter Web Company announced on October 15 that it added 83 BTC for about £5.202 million, bringing total holdings to 2,830 coins, with a net average holding cost of about £81,979; the company also used preferred stock financing proceeds to repay its Coinbase credit facility, lowering the outstanding balance from about £17 million to about £16 million.

Event Timeline

Background and Impact

On October 15, 2026, UK-listed company The Smarter Web Company issued an announcement disclosing a new round of bitcoin purchases. The announcement shows the company bought 83 BTC for about £5.202 million, at an average purchase price of £62,676 per coin. After the purchase, the company's total holdings rose to 2,830 BTC, with a net average holding cost of about £81,979 per coin. The three sources Wu Shuo, PANews and Odaily reported this announcement successively between 06:12 and 06:20 that day, with the core holdings and price data consistent.

Disclosed alongside the purchase was a debt repayment. The company used part of the funds from its recent preferred stock financing to repay borrowings under its Coinbase credit facility, with the outstanding balance to fall from about £17 million to about £16 million. Wu Shuo noted that the relevant loan remains collateralized by the company's existing bitcoin holdings. That source also disclosed that the company's cumulative net spending on bitcoin purchases is about £232 million, and its quarter-to-date BTC Yield is 1.98%; these two figures did not appear in the reports of the other two sources.

Differences among the three sources remain mainly at the level of wording: both PANews and Odaily wrote "about £5.2021 million," while Wu Shuo wrote "about £5.202 million"; Wu Shuo said the repayment used "part of the funds" from the preferred stock financing, while the other two sources wrote "part of the net proceeds." Regarding the purchase price and holding cost, the contrast presented in the announcement is that the average purchase price this time was £62,676 per coin, while the net average holding cost is about £81,979 per coin, the latter higher than the former.

Based on the disclosed figures, this move contains two threads at once: buying and debt repayment — on one hand continuing to increase bitcoin exposure with about £5.202 million, and on the other using part of the preferred stock financing proceeds to reduce the outstanding balance of the Coinbase credit facility. The loan remains collateralized by existing bitcoin holdings, meaning there is a direct link between the size of the holdings and the financing arrangement, which is a common reason the market pays attention to the balance sheet structure of such companies. The quarter-to-date BTC Yield of 1.98% is a metric under the company's own disclosure basis, and its specific calculation method is not elaborated in the source materials. None of the three sources provided the company's future purchase plans or financing arrangements.

FAQ

### Will this purchase affect the bitcoin price?

The purchase disclosed in the announcement is 83 BTC, corresponding to about £5.202 million. The source materials do not provide any market price, trading volume or capital flow data, so it is not possible to judge the impact on the coin price on that basis.

### What points should be watched going forward?

Watch whether the company's subsequent announcements continue to disclose purchases, the progress of the use of the preferred stock financing, and changes in the balance of the Coinbase credit facility. The current materials only show the outstanding balance falling from about £17 million to about £16 million.

### Why is the average purchase price this time lower than the net average holding cost?

The announcement shows the average purchase price this time was £62,676 per coin, and the net average holding cost is about £81,979 per coin. The latter is a comprehensive holding cost calculated under the company's own basis and is not the same concept as a single purchase price; the materials do not explain its calculation method.

Sources