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UK’s Smarter Web Company Bets Big: 196 Bitcoin Added to Treasury as Iran Crisis Sparks Crypto Rally

UK’s Smarter Web Company Bets Big: 196 Bitcoin Added to Treasury as Iran Crisis Sparks Crypto Rally

cryptonewsT
Release Time:
2025-06-24 08:31:09
0

London-based Smarter Web Company just made a seven-figure crypto play—loading 196 BTC onto its balance sheet as Bitcoin stages a geopolitical rebound.

The move comes as Middle East tensions send traditional investors scrambling for hard assets. 'Nothing says 'hedge against instability' like converting pounds into Satoshis,' quipped one analyst.

While legacy finance scrambles to price in Iranian sanctions, crypto markets are doing what they do best—frontrunning the news cycle with violent price action. The company's treasury now holds enough Bitcoin to buy a Mayfair townhouse... or two.

Another day, another corporation discovering that cold storage beats cold calls when inflation runs hot.

Price chart for Bitcoin in the past few days, June 24, 2025 | Source: crypto.news

Price chart for Bitcoin in the past few days, June 24, 2025 | Source: crypto.news

Just two days prior, the crypto market plummeted after President Donald Trump ordered the U.S. military to bomb Iran’s nuclear sites, allying itself with Israel in the geopolitical conflict.

According to the press release, the purchase aligns with firm’s 10-year goal of implementing a Bitcoin acquisition strategy with the purpose of growing its revenue and its user base. Amid news of the U.S. bombing, Bitcoin dipped below the $100,000 threshold.

BTC fell as low as $98,467 on June 22. However, it has managed to bounce back from its brief slump after the U.S. was able to dodge Iran’s retaliation by intercepting missiles aimed for a U.S. base in Qatar.

The Smarter Web Company has been accepting payments in BTC since as early as 2023. However, it just recently started implementing its ’10 Year Plan’ to accumulate more BTC since April 28, 2025.

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