CryptoMediaClub
Sunday, July 6, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

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

27.06.2025
A A
0
119
VIEWS
ShareShare

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.

Smarter Web’s Fundraising Fuels Bold Bitcoin Buying Spree

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 Smarter Web Company (@smarterwebuk) June 24, 2025

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.

VanEck Flags Risks in Corporate Bitcoin Strategies

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.

The post UK’s Smarter Web Company Raises £41.2M After Acquiring 196 Bitcoin – More BTC Purchases Coming? appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

Drake Compares Love Life to Bitcoin Price Swings in New Lyrics
All news

Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

06.07.2025
0

Grammy-winning artist Drake has dropped a new song titled What Did I Miss? that compares his turbulent love life to...

Read moreDetails
Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

06.07.2025
Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

06.07.2025
XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

06.07.2025
Bitcoin Price Prediction: Post-$50B Whale Dump, BTC Price Holds Steady – Can Institutional Control Drive New Highs?

Bitcoin Price Prediction: Post-$50B Whale Dump, BTC Price Holds Steady – Can Institutional Control Drive New Highs?

06.07.2025
Load More
Next Post
Bitcoin market cap overtakes Google’s $2.1 billion valuation as crypto equities also rise

Bitcoin market cap overtakes Google’s $2.1 billion valuation as crypto equities also rise

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Despite regulatory clarity, Hong Kong crypto ETFs experience lukewarm demand

Despite regulatory clarity, Hong Kong crypto ETFs experience lukewarm demand

2 years ago
Crypto Analyst VirtualBacon’s Shift in Perspective: XRP’s Potential to Outperform in Upcoming Bull Run

Crypto Analyst VirtualBacon’s Shift in Perspective: XRP’s Potential to Outperform in Upcoming Bull Run

2 years ago
TON, XLM, XMR, and MKR could attract buyers if Bitcoin rises above $26,500

TON, XLM, XMR, and MKR could attract buyers if Bitcoin rises above $26,500

2 years ago
Sweden Busts 18 Data Centers for Secretly Mining Crypto

Sweden Busts 18 Data Centers for Secretly Mining Crypto

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

Bitcoin Price Prediction: Post-$50B Whale Dump, BTC Price Holds Steady – Can Institutional Control Drive New Highs?

Why Snaky Way’s $AKE Token Is More Than Just a Meme Coin, Presale Ongoing

Ripple (XRP) Holders Achieve Financial Freedom by Starting Dogecoin (DOGE) Mining Machines through Blockchain Cloud Mining

PEPE Whales Accumulate Amid Market Volatility: Is a 200x Rally Coming?

Bitcoin Cash Futures Jump 24% as Active Addresses Hit Six-Year Low – Risk Ahead?

Trending

Drake Compares Love Life to Bitcoin Price Swings in New Lyrics
All news

Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

06.07.2025
0

Grammy-winning artist Drake has dropped a new song titled What Did I Miss? that compares his turbulent...

Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

06.07.2025
Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

06.07.2025
XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

06.07.2025
Bitcoin Price Prediction: Post-$50B Whale Dump, BTC Price Holds Steady – Can Institutional Control Drive New Highs?

Bitcoin Price Prediction: Post-$50B Whale Dump, BTC Price Holds Steady – Can Institutional Control Drive New Highs?

06.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz