The Smarter Web Company Secures $56M in Funding After Major Bitcoin Purchase
UK-based web design and marketing firm The Smarter Web Company has raised £41.2 million ($56.59 million) just days after making a significant $20 million Bitcoin purchase, increasing its total BTC holdings to over 540 coins.
Institutional Capital Boost Follows BTC Accumulation
According to a Thursday announcement, the company secured the funding through an accelerated bookbuild, a method used to quickly raise capital from institutional investors, typically without a lengthy marketing process. The firm collected £36.27 million ($49.8 million) through the bookbuild and an additional £4.97 million ($6.82 million) via a subscription offer, with shares priced at £2.90 ($3.98) each.
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 new shares are expected to be listed and take effect on July 1.
Bitcoin Holdings Surpass 540 BTC
Just two days before the capital raise, The Smarter Web Company disclosed that it had purchased 196.8 BTC at an average price of $103,290, bringing its total holdings to 543.52 BTC. As of the latest update, the company’s Bitcoin reserves are valued at approximately $58.19 million, based on a BTC price of around $107,348.
The firm has made five Bitcoin purchases in June alone, growing its stash from 83.24 BTC at the end of May to current levels — a 460 BTC increase in less than a month.
While its Bitcoin treasury strategy officially launched in April 2025, the company has accepted Bitcoin payments since 2023.
Stock Performance Slips Despite Bullish Crypto Move
Despite its aggressive Bitcoin accumulation and recent fundraising success, The Smarter Web Company’s US-listed shares (TSWCF) dropped 15% on Thursday to $3.56, after touching an intraday low of $3.19. After-hours trading saw an additional 1.8% decline, bringing the price to $3.49.
Still, the stock remains up 274% year-to-date, highlighting investor interest in crypto-aligned strategies.
UK Firms Join Bitcoin Investment Trend
Other UK-based firms are also increasing their Bitcoin exposure. On Tuesday, Vinanz, a London Stock Exchange-listed firm focused on BTC treasury management, disclosed a purchase of 37.72 BTC, bringing its total holdings to 58.68 BTC.
Meanwhile, in April, investment firm Abraxas Capital, also based in London, revealed a $250 million Bitcoin investment, further signaling growing institutional interest in crypto despite the UK’s currently unclear regulatory framework around digital assets.
