Smarter Web adds 20 BTC as its preferred shares pay their first weekly dividend

The largest public corporate holder of Bitcoin in the United Kingdom (UK), The Smarter Web Company disclosed on Friday, October 23, that it added 20 BTC to its treasury for about £1.23 million. The firm also set the first weekly dividend on the MORE preferred shares, funding its Bitcoin purchases at £0.2301 per share. Smarter Web’s 20 BTC purchase pushes average cost down The 20 Bitcoin purchase that Smarter Web disclosed on October 23 came at an average price of £61,733. That number helped push down the average price of its 2,850 BTC stack, which the firm built at an average price of £81,837, for a net cost of £233.2 million. Overall, Smarter Web’s Bitcoin position cost a gross £242 million after adding about £8.7 million of gross sales.

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