The Smarter Web Company disclosed the purchase of 83 Bitcoin for £5,202,111 on October 15, 2026, taking its reported treasury holdings to 2,830 BTC. The average price for this purchase was £62,676 per Bitcoin. That is the company’s transaction disclosure, not a live Bitcoin market quote. The digital-services company also described a reduction in borrowings secured against its Bitcoin holdings.
Smarter Web Bitcoin purchase: the key figures
| Measure | Reported figure |
|---|---|
| Additional Bitcoin purchased | 83 BTC |
| Cost of this purchase | £5,202,111 |
| Average price of this purchase | £62,676 per BTC |
| Total reported holdings | 2,830 BTC |
| Net average purchase price across holdings | £81,979 per BTC |
| Quarter-to-date BTC Yield, company-defined KPI | 1.98%; not a cash yield or investment return |
The credit-facility wording matters
The issuer said it had applied some net proceeds of a preferred-share fundraising announced on October 12 to reduce its Coinbase strategic credit facility. It stated that, following the announced Bitcoin purchase, total drawings would decrease from approximately £17 million to approximately £16 million. This is the company’s disclosure of the change, not independent confirmation of a completed repayment or its precise timing. The facility remains secured against existing Bitcoin holdings. The release does not establish that the whole Bitcoin purchase was paid for with the preferred-share proceeds.
BTC Yield is not a shareholder return
The reported 1.98% quarter-to-date BTC Yield measures the percentage change in total Bitcoin holdings divided by fully diluted shares, from September 30, 2026. Fully diluted shares account for potential additional shares. This company-defined ratio is not cash income, an annual interest rate, profit or the return earned by someone buying the stock. It also does not remove debt or Bitcoin-price risk.
The issuer’s risk notice says its business is not authorised or regulated by the UK Financial Conduct Authority and an investment in the company is not protected by the Financial Ombudsman Service or Financial Services Compensation Scheme. It warns of Bitcoin volatility, operational and counterparty risks. Holding the company’s shares is not the same as holding Bitcoin directly. This report checks the announcement, not the underlying wallet balances, audit status, current market value or a future price outcome. The PDF and announcement index are the same issuer’s materials, not independent verification.
Related historical report: Coinbase Bitcoin snapshot on October 15; not a current quote
Official sources and verification
Sources observed: 16/10/2026, 02:33:16 IST. Issuer announcement and financial tables · Issuer investor page / announcement index
Recorded source observation: . This is a source-check timestamp, not a market quote or a new article update.