U.K. #SmarterWeb Company Raises $56M Days After $20M $BTC Purchase


The Smarter Web Company secured $56.59 million from institutional investors just days after buying 196 $BTC worth over $20 million.


The U.K. web design firm raised funds via an accelerated bookbuild at 2.9 British pounds per share, with stocks taking effect July 1.


The company's $BTC holdings now total 543.52 coins, purchased at an average price of $104,450, currently worth approximately $58.19 million.


Smarter Web has bought $BTC five times in June alone, increasing holdings from 83.24 $BTC at May's end to over 540 coins now.


The firm launched its $BTC treasury strategy in April but has accepted #crypto payments since 2023.


Despite the major $BTC acquisitions, company shares fell 15% on Thursday to close at $3.56 on the OTCQB market.


The stock remains up 274% year-to-date, reflecting investor confidence in the $BTC treasury approach.


Other U.K. firms, including Vinanz and Abraxas Capital, have also made significant $BTC purchases despite unclear regulatory frameworks.

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June 27, 2025 at 3:07 PM
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