Bitcoin at Peak Greed: Why This UK Company Just Spent $4.7M

• The Smarter Web Company has purchased 45.32 Bitcoin at an average price of $104,935.
• This acquisition increased the company’s total Bitcoin holdings to 168.08 BTC.
• The firm’s total investment in BTC has reached $17.7 million, with an average dollar cost of $105,779.
  

UK-based The Smarter Web Company expanded its Bitcoin holdings by acquiring 45.32 BTC for $4.73 million this month. With this latest move, its total holdings stood at 168.08 BTC, almost 55% up from the last purchase. The time to buy this acquisition was during the high greed index of 71 sentiment on the market.

The company began its Bitcoin accumulation strategy in April as part of its long-term treasury plan, “The 10 Year Plan.” It continues to allocate capital to BTC, citing it as a foundational digital asset. The firm also reported a total investment of $17.7 million at a dollar cost average of $105,779 per Bitcoin.