Massive Capital Injection Amid Strategic Crypto Moves
UK-based digital firm, The Smarter Web Company, has secured a fresh capital boost of £41.2 million ($56.59 million), marking a pivotal step in its aggressive business expansion and Bitcoin treasury strategy. This funding comes just days after the firm purchased $20 million worth of Bitcoin, increasing its total crypto holdings to 543.52 BTC, currently valued at over $58 million.
Breakdown of the Fundraising Round
The capital raise was executed via accelerated bookbuild, a method that enables companies to raise funds quickly, typically in 1–2 days, without extensive marketing.
- £36.27 million ($49.8 million) was raised through institutional bookbuild.
- £4.97 million ($6.82 million) came from private subscription.
- Shares were offered at £2.90 ($3.98) per unit.
The newly issued shares are scheduled to go into effect from July 1.
Rapid Bitcoin Accumulation in June
In a bold move, The Smarter Web Company acquired 196.8 BTC at an average price of $103,290, pushing its Bitcoin holdings past the 500 BTC mark for the first time.
- Total holdings now stand at 543.52 BTC, acquired at an average price of $104,450.
- The company has made five Bitcoin purchases in June alone, increasing its holdings from 83.24 BTC to 543.52 BTC — a net gain of 460.28 BTC in under 30 days.
The firm began its Bitcoin treasury strategy in April, although it has accepted Bitcoin payments since 2023.
Market Reaction: Stock Price Sees Dip
Despite the bold strategy and capital raise, the company’s stock faced short-term pressure.
- Listed on the OTCQB market in the U.S. under ticker TSWCF, shares fell 15% on Thursday, closing at $3.56 after reaching an intraday low of $3.19.
- Post-market trading saw a further 1.8% drop, closing at $3.49.
Still, the stock is up 274% year-to-date, showing strong investor interest in its tech and crypto positioning.
UK Firms Join the Bitcoin Movement
The Smarter Web Company isn’t alone.
- Vinanz, another UK-based firm, recently boosted its holdings to 58.68 BTC.
- Abraxas Capital, a London investment firm, made a $250 million Bitcoin investment in April.
As regulatory clarity slowly develops in the UK, more firms are turning to Bitcoin as a strategic treasury asset, echoing global trends in crypto-financed corporate growth.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.