The Smarter Web Company, a prominent web design and marketing firm based in the UK, has successfully secured £41.2 million (approximately $56.59 million) in funding, just days after attracting attention with its recent acquisition of nearly 197 Bitcoin.
Key Developments:
The funds raised come shortly after the company’s significant Bitcoin purchase, which has increased its total holdings to over 543 BTC within a matter of weeks. Although the company has made substantial moves in the cryptocurrency space, its stock value experienced a 15% decline, although it remains up by 274% year-to-date.
On Thursday, the firm disclosed that it had obtained the financing from institutional investors via an efficient accelerated bookbuild process. This method allows companies to quickly generate capital without extensive promotional activities.
Out of the total funds raised, £36.27 million (around $49.8 million) was secured through the bookbuild, while an additional £4.97 million ($6.82 million) was acquired through subscriptions. Shares were offered at a price of £2.90 ($3.98) each, with these new shares expected to commence trading on July 1.
Smarter Web’s Fundraising Fuels Bold Bitcoin Buying Spree
The recent fundraising efforts align with The Smarter Web Company’s aggressive Bitcoin acquisition policy.
Earlier this week, the firm announced the purchase of 196.8 BTC at an average transaction price of $103,290, bringing its total Bitcoin reserves to 543.52 BTC, valued at approximately $58.19 million.
Since initiating its Bitcoin treasury strategy in April, the company has made five purchases of BTC in June alone, increasing its holdings by 460 BTC in less than a month.
However, despite these bold moves in the cryptocurrency market, The Smarter Web Company’s shares have faltered.
Trading under the ticker TSWCF on the US OTCQB market, the firm’s stock price dropped 15% on Thursday, closing at $3.56 after hitting an intraday low of $3.19, as reported by Google Finance.
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 stock’s decline continued in after-hours trading, easing another 1.8% to $3.49. Nonetheless, the stock has seen a notable increase of 274% thus far in 2025.
Other British companies are also beginning to increase their Bitcoin investments amid an ambiguous regulatory framework for digital assets in the UK.
This week, Vinanz, a London-listed Bitcoin treasury firm, announced it had added 37.72 BTC to its portfolio, bringing its total holdings close to 59 BTC.
Additionally, in April, investment firm Abraxas Capital made headlines with a Bitcoin acquisition that exceeded $250 million.
VanEck Flags Risks in Corporate Bitcoin Strategies
Matthew Sigel, head of digital asset research at VanEck, has expressed concerns regarding the Bitcoin treasury strategies employed by certain publicly traded companies. He cautions that aggressive accumulation of BTC could potentially harm shareholder interests.
Sigel highlighted the risks associated with at-the-market (ATM) share issuance programs, suggesting that these can lead to dilution if a company’s stock price approaches its Bitcoin net asset value (NAV).
To mitigate risks for investors, he proposed the suspension of ATM programs if shares trade below 0.95 times NAV for more than ten consecutive days.
He drew comparisons to past experiences in the crypto mining sector, where excessive dilution and inflated executive compensations significantly eroded shareholder value.
Sigel cited Semler Scientific, a medical technology firm that shifted focus to Bitcoin in 2024, as a cautionary example. Despite accumulating 3,808 BTC, Semler has seen its stock plummet over 45%, lowering its market NAV to just 0.82 times NAV.
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