According to a new press release, Smarter Web Company, a registered London-registered digital agency specializing in web design, web development and online marketing services, has acquired 325 additional Bitcoins at an average price of $112,157 per unit as part of its ongoing financial policy.
The company currently owns 1,600 Bitcoins, with an average total purchase price of $106,798 per Bitcoin. Bitcoin is currently trading for around $119,000, so Stash is worth over $190 million.
The Smarter web company also reported a 39,258% Bitcoin yield from the start of the year and a 30-day yield of 419% at the Treasury. The company maintains more than $5 million in net cash available for future Bitcoin purchases.
In addition to the purchase announcement, Smarter Web Company has introduced a new metric called P/BYD (price to bitcoin yield ratio) to analyze Bitcoin finance companies. The metric is intended to help investors and analysts better understand why public companies hold Bitcoin as a financial asset, similar to the way public companies use it to valuate their stocks.
Smarter Web Company has been accepting Bitcoin payments since 2023. It views Bitcoin as a core component of the global financial system of the future and integrates Bitcoin financial policy into its corporate strategy.