UK-based web design and marketing firm The Smarter Web Company has secured £41.2 million ($56.59 million) in fresh funding just days after significantly expanding its Bitcoin holdings.
The company announced on Thursday, June 26, that it raised funds through institutional investors via an accelerated bookbuild process, allowing it to swiftly gather capital within one to two days without a marketing campaign. Of the total amount, £36.27 million ($49.8 million) was raised through the bookbuild, while an additional £4.97 million ($6.82 million) was raised through a subscription offer. The shares were priced at £2.90 ($3.98) each, with the new stock expected to take effect from July 1.
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
This fundraising round comes shortly after The Smarter Web Company revealed it spent over $20 million to acquire 196.8 Bitcoin at an average price of $103,290 per BTC earlier this week. As of Tuesday, the firm held 543.52 Bitcoin, purchased at an average of $104,450, a stash now valued at approximately $58.19 million.
The company has been aggressively growing its Bitcoin treasury in June alone, increasing its holdings by 460.28 BTC within the month, from 83.24 BTC at the end of May to its current position. While The Smarter Web Company only launched its formal Bitcoin treasury strategy in April this year, it has accepted Bitcoin as payment since 2023.
Listed on the US OTCQB market under the ticker TSWCF, the firm’s shares closed 15% lower on Thursday at $3.56 after dipping to an intraday low of $3.19, according to Google Finance.
Despite the UK’s uncertain regulatory landscape for digital assets, other companies have also continued to bolster their Bitcoin holdings. Earlier this week, London Stock Exchange-listed Vinanz expanded its Bitcoin treasury by purchasing 37.72 BTC, raising its total to 58.68 BTC. In April, London-based investment firm Abraxas Capital made headlines with a Bitcoin purchase exceeding $250 million.
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