Bitcoin Purchase

Bought 35 BTC at an average £57,494 (£2.01m). Holdings now 2,747 BTC. Quarter-to-Date BTC Yield -3.63%. Coinbase facility drawn: £20.50m at 6%.

The Smarter Web Company (LSE: SWC | OTCQB: TSWCF | FRA: 3M8) announces the purchase of additional Bitcoin as part of “The 10 Year Plan” which includes an ongoing treasury policy of acquiring Bitcoin. Details are as follows:

Number of Bitcoin Purchased: 35 Bitcoin
Average Purchase Price: £57,494 per Bitcoin
Amount Purchased: £2,012,286
Total Bitcoin Holdings: 2,747 Bitcoin
Net Average Purchase Price: £82,562 per Bitcoin
Gross Bitcoin Purchases: £235,544,889
Gross Bitcoin Sales: £8,745,918
Net Bitcoin Purchases: £226,798,971
The Company has achieved a Quarter-to-Date BTC Yield* of -3.63% on its treasury

* As defined below

Leverage ratio

14.8%

Extracted automatically from the announcement. Always check the official PDF.

Coinbase Strategic Credit Facility

Following the Bitcoin purchase announced today, total drawings under the facility are £20,500,000, representing an approximate leverage ratio of 14.80%. The Company will continue to provide updates on any material drawdowns or repayments in future regulatory announcements.

The terms of the facility with Coinbase remain unchanged. The loan is secured against the Company’s existing Bitcoin holdings, carries a competitive variable interest rate of 6.00%, and is repayable without additional charges at the Company’s discretion.

Provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. Reproduced from the company's published announcement; contact details and standard disclaimers omitted, see the official PDF for the complete text.