Smarter Web Raises £33.2 Million Adds 1,275 BTC to Treasury

Smarter Web, a London-listed tech firm, has had a notable week, raising £33.2 million and increasing its Bitcoin holdings to 1,275 BTC, solidifying its position as the UK’s largest public Bitcoin-holding company. The company's CEO, Andrew Webley, shared a comprehensive overview of the week's achievements, highlighting significant financial gains, community growth, and the company's evolving Bitcoin strategy.

On Monday, Smarter Web announced that it had surpassed the 1,000 BTC milestone. Concurrently, the firm concluded the first phase of its ATM-style subscription agreement, securing £22.9 million. Later in the week, the company made another substantial Bitcoin purchase, adding 275 BTC to its holdings, bringing the total to 1,275 BTC, valued at over £100 million at current market prices. By Wednesday, Smarter Web had raised an additional £10.3 million, bringing the total new capital raised to £33.2 million before expenses. Webley's announcement coincided with a rise in Bitcoin prices, amplifying the significance of the treasury update for crypto investors.

Webley also discussed his participation in the Bitcoin For Corporations Digital Conference, where he joined other executives to discuss Bitcoin adoption. He expressed his enjoyment of the conference and hinted at upcoming podcast appearances. Internally, Smarter Web continues to monitor website data and Bitcoin treasury statistics daily, enhancing operational transparency. Webley noted that the treasury has become a visible part of the company's corporate identity. The company also experienced a 10% increase in its social following, reaching 3,400 members. Webley acknowledged several community figures, including @BitcoinBee21 for maintaining the "Webley Tracker," and mentioned the success of merchandise sales, particularly in the UK.

Smarter Web's actions underscore its commitment to Bitcoin as a treasury asset, positioning the company as a leader among UK public firms exploring digital assets. Unlike many CEOs who keep treasury moves ambiguous, Webley has adopted a transparent approach, frequently sharing updates and data, and engaging with the community. With £33.2 million raised and 1,275 BTC in its treasury, Smarter Web is emerging as a benchmark for Bitcoin adoption in public company treasuries. Webley is already looking ahead, eager for the next week's opportunities.