British Bitcoin finance company Smarter Web Company considers acquiring competitor at discounted price

PANews September 12th news, according to Cointelegraph, Andrew Webley, CEO of The Smarter Web Company, the largest UK business owner, said the company is considering acquiring a troubled competitor to expand its asset reserves. Webley told the Financial Times that he "definitely considers" acquiring competitors at a discount to acquire their Bitcoins; the company is eager to enter the FTSE 100 index, and the company's name change is "imperative", but it needs to be "handled properly". According to BitcoinTreasuries.NET, The Smarter Web Company is the 25th largest and largest corporate Bitcoin asset reserve holder in the world. Currently, the company holds 2,470 bitcoins worth nearly $275 million. Webley's comments came after Smarter Web shares fell nearly 22% on Friday, from $2.01 at the opening to $1.85 at the time of writing.