Smarter Web Company Increases Bitcoin Holdings to 2,869 BTC

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 19 hours ago

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Bitcoin Acquisition: The Smarter Web Company purchased 10 additional Bitcoins at an average price of £55,786, totaling £557,865, raising its total Bitcoin holdings to 2,869 BTC, which reflects its proactive financial strategy and confidence in digital assets.
Leverage Management: The company has drawn £18 million from a credit facility with Coinbase, maintaining a leverage ratio of approximately 12.19%, indicating a balanced financial structure while utilizing existing Bitcoin assets for further investments.
Yield Performance: The firm has achieved a quarter-to-date Bitcoin yield of 15.43%, a metric that not only showcases the success of its Bitcoin investments but also serves as a critical reference for future capital allocation decisions.
Market Position Enhancement: With its Bitcoin holdings increasing, the Smarter Web Company ranks 27th among publicly listed Bitcoin treasury firms, further solidifying its competitive position in the digital asset space and demonstrating its growing influence in the industry.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	70678.499	72484.049	74588.899	76394.449	78499.299	80304.849	82409.699
Fibonacci	72484.049	73977.822	74900.677	76394.449	77888.222	78811.077	80304.849

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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