Smarter Web Raises £10.3 Million in Share Subscription Round for Bitcoin Expansion

Smarter Web Company has successfully raised £10.3 million through a new share subscription round, issuing 3,182,013 new shares at £3.25 each. This capital raise, announced via regulatory filing on July 9, is set to strengthen the company's treasury, which has increasingly shifted towards Bitcoin holdings. The company recently celebrated holding 1,000 BTC, a milestone highlighted by CEO Andrew Webley during the Bitcoin Treasuries Digital Conference. This achievement suggests that Smarter Web is poised for further strategic developments in the Bitcoin space.

The subscription round generated £10,341,542.25 before expenses, with all shares issued being fully paid and carrying equal rights. Existing shareholders will experience a dilution of around 5.46%, but this is balanced by the proceeds and increased liquidity. The new shares will be listed on the Aquis Stock Exchange Growth Market, supporting the company's broader growth plans, both organically and through acquisitions. In recent years, Smarter Web has focused on incorporating Bitcoin into its treasury and payment systems, reflecting a strategic pivot towards a Bitcoin-centric business model.

The latest funding round resulted in minor dilution for key stakeholders. Andrew Webley and his family now hold 10.69% of the company, down from 11.31%. Tyler Evans and Sean Wade’s holdings remain largely unchanged, while Mario Visconti’s share sits at 0.37%. Despite the dilution, management retains a strong presence in the company’s capital structure. The team has ensured that all placements respect previous pricing floors and were structured to maintain fairness to existing shareholders.

Smarter Web offers services in web design, development, and marketing, but since 2023, it has added a bold twist by accepting Bitcoin payments and converting reserves into BTC. This strategic pivot supports the company's belief that Bitcoin is the future of finance. In April, Smarter Web unveiled a “10-Year Plan” outlining its Bitcoin treasury strategy, using BTC Yield as a key metric to track Bitcoin holdings per share. The goal is to increase long-term shareholder value by acquiring Bitcoin at smart intervals. The company has also issued warnings about Bitcoin volatility, regulation gaps, and liquidity concerns, but it remains confident in Bitcoin as a superior store of value.

The £10.3 million raise provides Smarter Web with fresh capital to expand. Management plans to pursue strategic acquisitions and grow its recurring revenue streams while continuing to build out its crypto treasury. Despite regulatory skepticism towards corporate crypto exposure, Smarter Web positions itself as a pioneer, methodically embedding Bitcoin into its financial DNA. In Webley’s own words, it has been a special week, marked by the capital raise, BTC milestone, and digital conference appearance, all indicating a turning point for the company. Smarter Web is betting big on Bitcoin, and the recent capital injection reinforces its commitment to this strategic direction.