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Smarter Web Company sells 177.89 BTC to repay $12M, holds 2,700 BTC

Smarter Web Company sold 177.89 BTC to repay $11.69 million owed to TOBAM under a prior Smarter Convert agreement, reducing its Bitcoin treasury but leaving it with 2,700 BTC. The move is framed as liquidity and balance-sheet management rather than a bearish shift in strategy, since the firm still ranks among the larger corporate Bitcoin holders and says it remains committed to its long-term treasury approach. The article notes that Bitcoin prediction-market pricing continues to show strong confidence that BTC will hold above several key levels despite the sale. Near-term sentiment may be influenced more by broader macro events, such as upcoming U.S. CPI data and Federal Reserve commentary, than by this one corporate liquidation.

Category

Bitcoin

Sentiment

Neutral

Event

Market commentary

Reading time

1 min