UK’s Smarter Web Company Raises £41.2M After Acquiring 196 Bitcoin – More BTC Purchases Coming?

The Smarter Web Company, a UK-based web design and marketing firm, has raised £41.2 million ($56.59 million) just days after making headlines with a $20 million purchase of nearly 197 Bitcoin.

Key Takeaways:

• The Smarter Web Company raised £41.2 million days after buying nearly 197 Bitcoin.
• Its aggressive Bitcoin acquisitions have boosted holdings to over 543 BTC in just a month.
• Despite strong crypto moves, the firm’s shares fell 15% but remain up 274% year-to-date.

The firm announced on Thursday that it secured funding from institutional investors through an accelerated bookbuild, a method that enables companies to raise capital quickly without extensive marketing.

Of the total funds, £36.27 million ($49.8 million) came from the bookbuild, while an additional £4.97 million ($6.82 million) was raised through subscription.

The shares were offered at £2.90 ($3.98) each, with the new stock expected to take effect on July 1.

The fundraising follows The Smarter Web Company’s aggressive Bitcoin acquisition strategy.

Earlier this week, the firm revealed it bought 196.8 BTC at an average price of $103,290, boosting its total Bitcoin holdings to 543.52 BTC—worth approximately $58.19 million.

Since launching its Bitcoin treasury strategy in April, the firm has purchased BTC five times in June alone, growing its stash by 460 BTC in less than a month.

Despite the crypto push, The Smarter Web Company’s shares have struggled.

Trading on the US OTCQB market under the ticker TSWCF, the company’s stock fell 15% on Thursday to close at $3.56 after reaching an intraday low of $3.19, according to Google Finance.

The Smarter Web Company (#SWC $TSWCF) RNS Announcement: Bitcoin Purchase.

Purchase of additional Bitcoin as part of "The 10 Year Plan" which includes an ongoing treasury policy of acquiring Bitcoin.

Please read the RNS on our website: https://t.co/z59Xf4oBRU pic.twitter.com/8rrSTwYWoa

The decline continued in after-hours trading, with shares slipping another 1.8% to $3.49. Even with recent volatility, the stock remains up 274% so far in 2025.

Meanwhile, other UK firms are also ramping up their Bitcoin bets amid Britain’s unclear regulatory stance on digital assets.

On Tuesday, Vinanz, a London-listed Bitcoin treasury company, announced it had acquired 37.72 BTC, bringing its total holdings to nearly 59 BTC.

In April, investment firm Abraxas Capital made waves with a Bitcoin purchase exceeding $250 million.

Matthew Sigel, head of digital asset research at VanEck, has voiced fresh concerns over the Bitcoin treasury strategies adopted by some publicly traded firms, warning that aggressive BTC accumulation could ultimately hurt shareholders.

Sigel singled out the use of at-the-market (ATM) share issuance programs, arguing that these can become dilutive if a company’s stock price nears its Bitcoin net asset value (NAV).

To protect investors, he suggested suspending ATM programs if shares trade below 0.95 times NAV for more than 10 consecutive days.

He drew parallels with past missteps in the crypto mining sector, where rampant dilution and inflated executive compensation wiped out shareholder value.

Sigel pointed to Semler Scientific, a medical technology company that pivoted to Bitcoin in 2024, as a cautionary tale.

Despite amassing 3,808 BTC, Semler’s stock has plunged over 45%, dragging its market NAV down to 0.82 times NAV.

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