Smarter Web Company sold 177.89 Bitcoin this week to cover a $12 million debt, the firm disclosed. The sale comes as Bitcoin trades above $54,000 with a 99.9% confidence level, according to market data. The company still holds roughly 2,700 BTC after the transaction.
Sale details
The company did not specify the exact price at which it sold the coins, but at current levels the 177.89 BTC would be worth around $9.6 million — meaning the actual sale price was likely higher, given the $12 million repayment amount. That implies an average sale price of roughly $67,500 per Bitcoin.
Remaining holdings
With 2,700 BTC still on its books, Smarter Web Company remains a significant corporate holder. At current prices, that stash is worth over $145 million. The firm did not say whether it plans further sales.
Market context
Bitcoin's price has held above $54,000 since late June, with confidence levels near 100% — a rare stretch of stability for the asset. The sale by Smarter Web Company is one of the larger corporate Bitcoin liquidations this month, though it represents only a fraction of the firm's total holdings.
The company has not commented on whether the debt repayment was a one-off or part of a broader restructuring. No further disclosures are expected this week.
