SWC CEO Andrew Webley Reflects on First Week After LSE Listing

The Smarter Web Company (SWC) began trading on the London Stock Exchange’s Main Market on February 7, 2026, marking a key milestone in its corporate journey. The move follows its initial public offering on the Aquis Exchange in April 2025, where it was the UK’s top-performing equity of that year. SWC's shares debuted under the ticker SWC at 43p.

SWC, now the UK’s largest publicly listed company by bitcoin holdings, owns 2,674 bitcoin, having spent roughly £221 million to accumulate its treasury at an average price of over $111,000 per coin according to reports. Bitcoin prices have since declined to around $77,000, reducing the value of the company’s holdings.

CEO Andrew Webley reiterated his commitment to the long-term Bitcoin strategy at the LSE opening ceremony, noting that the firm plans to continue accumulating the cryptocurrency regardless of short-term price swings as stated. Webley also outlined ambitions for SWC to enter the FTSE 250 and eventually the FTSE 100.

Why Did This Happen?

The Smarter Web Company’s listing on the LSE is a strategic step to enhance its institutional investor access and credibility. Webley explained that the move reflects the company’s growth since its 2025 Aquis listing and is aimed at broadening its capital base. The firm’s pivot to a Bitcoin treasury model in 2025 has been central to its positioning as a UK leader in the space according to analysis.

SWC’s treasury strategy was influenced by the broader trend of companies treating Bitcoin as a long-term store of value. This approach gained momentum after firms like MicroStrategy and Tesla adopted similar strategies. The company’s Bitcoin holdings serve as a hedge against currency devaluation and are managed alongside its core web design and marketing services business as reported.

How Did Markets Respond?

SWC’s stock price has experienced significant volatility since its 2025 Aquis listing. Shares initially surged but have since declined by approximately 95% according to data amid broader crypto market downturns. Despite this, Webley emphasized that the company’s Bitcoin strategy is not influenced by short-term price fluctuations.

The broader Bitcoin treasury sector has also faced pressure as crypto prices pulled back from late 2025 highs. Firms like Strategy, which holds over 700,000 BTC, have seen the value of their holdings fall below average purchase prices in recent weeks according to reports. This trend has weighed on the stock prices of many publicly traded treasury firms.

What Are Analysts Watching Next?

Analysts are closely watching how SWC manages its balance sheet amid continued Bitcoin volatility. The company maintains that it operates soundly, covering all expenses through cash flow without needing to liquidate its Bitcoin holdings as explained. This approach differentiates SWC from firms that may be forced to sell during periods of intense price declines.

Another key focus is the regulatory environment for corporate Bitcoin holdings in the UK. SWC’s transparent reporting and compliance with financial regulations provide a model for how companies can navigate the evolving landscape. The firm’s ability to maintain its Bitcoin treasury strategy without impacting core business operations is seen as a strength.

Investors will also monitor SWC’s progress toward its FTSE 250 and 100 goals. The CEO has indicated a potential listing in the third quarterly rebalance of 2026. Success in this endeavor would further validate the viability of corporate Bitcoin treasuries as a strategic investment model.

SWC’s listing and continued Bitcoin accumulation strategy have positioned it as a key player in the UK’s emerging corporate crypto sector. The firm’s long-term vision and financial discipline offer a template for other businesses considering similar strategies.