With this latest acquisition, Smarter Web’s total Bitcoin holdings have reached 773.58 BTC. The company’s average acquisition price now stands at £78,022 ($107,015), bringing its total BTC investment to over $82.6 million.

Smarter Web’s 10-Year Plan: Bitcoin-Focused Corporate Growth

Smarter Web launched its “10-Year Plan” in April, outlining an ambitious Digital Asset Treasury Policy aimed at supporting long-term business value through Bitcoin accumulation. The firm views Bitcoin as a critical component of future corporate growth and financial resilience.

Currently, Smarter Web holds approximately £38 million (about $52.3 million) in cash, which it may use for additional Bitcoin purchases in the near future.

$62 Million Raised in New Funding Round

The company also disclosed that it had raised roughly £45 million ($62 million) through accelerated bookbuilds and subscription offerings. This fundraising diluted existing shareholders by about 9%.

Following the funding round, CEO Andrew Webley and his family now hold an 11.3% stake in the company.

Accepting Bitcoin Payments Since 2023

Smarter Web began accepting Bitcoin payments back in 2023. The firm believes that Bitcoin plays a central role in the future of the global financial system and plans to support its strategy through both organic growth and potential acquisitions.

UK Bitcoin Adoption Accelerates

Smarter Web’s latest move comes amid a growing wave of Bitcoin adoption among UK-listed firms. Several small-cap companies on exchanges like Aquis have recently announced Bitcoin purchases or future intentions to add the asset to their balance sheets.

Notable examples include Tao Alpha, which plans to raise £100 million ($137 million) for its Bitcoin initiative, as well as Panther Metals, Bluebird Mining Ventures, and Vinanz, all of which have revealed funding rounds or purchases aimed at BTC accumulation.

This trend highlights the rising institutional confidence in Bitcoin across the UK’s corporate sector.

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The post Smarter Web Expands Bitcoin Holdings: Multi-Million Dollar Crypto Investment appeared first on Coin Engineer.

Quick Raise from Institutional Investors

On Thursday, The Smarter Web Company announced that it raised £41.2 million ($56.59 million) from institutional investors via an accelerated bookbuild process. This included £36.27M from the bookbuild and £4.97M from additional subscription, priced at £2.9 ($3.98) per share.

The shares are expected to go live starting July 1.

Bitcoin Holdings Surge to Over 543 BTC

Two days before the raise, The Smarter Web Company revealed that it bought 196.8 BTC at an average price of $103,290 per coin, totaling over $20 million. As of Tuesday, the company held 543.52 BTC, now worth approximately $58.19 million.

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The company began its Bitcoin treasury strategy in April but has accepted Bitcoin as a payment method since 2023. In June alone, the firm purchased BTC five times, increasing its holdings by over 460 BTC.

Stock Drops Despite BTC Accumulation

The Smarter Web Company PLC (TSWCF) trades on the OTCQB market in the U.S. Its shares fell 15% Thursday, closing at $3.56, with an additional 1.8% drop in after-hours trading. However, the stock is still up 274% year-to-date.

More UK Firms Embrace Bitcoin

Vinanz, another UK firm, added 37.72 BTC this week, while Abraxas Capital acquired over $250M in Bitcoin in April. Despite unclear crypto regulation in the UK, companies continue accumulating BTC.

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The post The Smarter Web Company Raises $56M Days After $20M Bitcoin Purchase appeared first on Coin Engineer.