1st Jul 2025 07:00
01 July 2025
The Smarter Web Company PLC
("The Smarter Web Company" or "Company")
Bitcoin Purchase and
Directors' Holdings after Fundraising
The Smarter Web Company (AQUIS: SWC | OTCQB: TSWCF | FRA: 3M8), a London listed technology company, announces the purchase of additional Bitcoin as part of "The 10 Year Plan" which includes an ongoing treasury policy of acquiring Bitcoin. Details are as follows:
· Number of Bitcoin Purchased: 230.05 Bitcoin
· Average Purchase Price: £78,103 per Bitcoin ($107,126 per Bitcoin)
· Amount Purchased: £17,967,595
· Total Bitcoin Holdings: 773.58 Bitcoin
· Total Average Purchase Price: £78,022 per Bitcoin ($107,015 per Bitcoin)
· Total Amount Purchased: £60,356,259
· Approximate net cash in treasury available to be deployed into Bitcoin: £38,000,000
Directors Share Holdings
Following recent fundraising activities (summarised below), the Company announces updated percentages relating to the Directors' share holdings.
· A Subscription Agreement, announced 19 June, where 7 million shares have now been admitted to the Access Segment of the Aquis Stock Exchange Growth Market and proceeds will be announced once all shares have been successfully placed. Shares cannot be placed below the previous days closing bid price. Other terms are as per the 19 June announcement
· A Subscription with a single strategic investor, announced on 23 June, raising approximately £3.8 million (before expenses)
· A successful Accelerated Bookbuild & Subscription, announced on 26 June, raising approximately £41.2 million (before expenses)
These combined activities have resulted in a total dilution of 9.07% for existing shareholders, including the Directors, offset by a capital injection of approximately £45 million (before expenses) plus the proceeds of the 7 million shares when proceeds will be known.
Name | Holding Before | Holding After | % Before | % After |
Andrew Webley & Family (including those held by Joanna Webley) | 27,388,732 | 27,418,732 | 12.42% | 11.31% |
Tyler Evans | 960,000 | 960,000 | 0.44% | 0.40% |
Mario Visconti (including those held as 123 Accounting Solutions Ltd) | 950,000 | 950,000 | 0.43% | 0.39% |
Sean Wade & Family (including those held as Keysford Ltd) | 767,346 | 767,346 | 0.35% | 0.32% |
About The Smarter Web Company
The Smarter Web Company offers web design, web development and online marketing services. Clients pay an initial fee, an annual hosting charge and an optional monthly marketing charge. Growth opportunities exist for The Smarter Web Company around these existing services.
In addition to organic growth, the Company will progress an acquisition strategy targeting other businesses with a view to growing its number of clients and / or recurring revenue. The Smarter Web Company will only make acquisitions where the Directors believe the timing and opportunity is appropriate.
Since 2023 The Smarter Web Company has adopted a policy of accepting payment in Bitcoin. The Company believes that Bitcoin forms a core part of the future of the global financial system and as the Company explores opportunities through organic growth and corporate acquisitions is pioneering the adoption of a Bitcoin Treasury Policy into its strategy.
Please also see "The 10 Year Plan" announced by the Company via regulatory news at 07:00 on 28 April 2025 and available on the Company website.
Visit our website: https://www.smarterwebcompany.co.uk
Follow us on X: https://x.com/smarterwebuk
The Smarter Web Company CEO Andrew Webley
| +44 (0) 117 313 0459 |
Tennyson Securities Lead Broker Peter Krens
| +44(0) 207 186 9030 |
Peterhouse Capital Limited Aquis Stock Exchange Corporate Adviser Guy Miller Aquis Stock Exchange Corporate Broker Lucy Williams / Duncan Vasey | +44 (0) 207 469 0930 |
The Directors of the Company accept responsibility for the contents of this announcement.
Important Notice:
The Smarter Web Company Plc (the Company) holds treasury reserves and surplus cash in Bitcoin. Bitcoin is a type of cryptocurrency or cryptoasset. Whilst the Board of Directors of the Company considers holding Bitcoin to be in the best interests of the Company, the Board remains aware that the financial regulator in the UK (the Financial Conduct Authority or FCA) considers investment in Bitcoin to be high risk. At the outset, it is important to note that an investment in the Company is not an investment in Bitcoin, either directly or by proxy. However, the Board of Directors of the Company consider Bitcoin to be an appropriate store of value and growth for the Company's reserves and, accordingly, the Company is materially exposed to Bitcoin. Such an approach is innovative, and the Board of Directors of the Company wish to be clear and transparent with prospective and actual investors in the Company on the Company's position in this regard.
The Company is neither authorised nor regulated by the FCA. And cryptocurrencies (such as Bitcoin) are unregulated in the UK. As with most other investments, the value of Bitcoin can go down as well as up, and therefore the value of the Company's Bitcoin holdings can fluctuate. The Company may not be able to realise its Bitcoin exposure for the same as it paid in the first place or even for the value the Company ascribes to its Bitcoin positions due to these market movements. And because Bitcoin is unregulated, the Company is not protected by the UK's Financial Ombudsman Service or the Financial Services Compensation Scheme.
Nevertheless, the Board of Directors of the Company has taken the decision to invest in Bitcoin, and in doing so is mindful of the special risks Bitcoin presents to the Company's financial position. These risks include (but are not limited to): (i) the value of Bitcoin can be highly volatile, with value dropping as quickly as it can rise. Investors in Bitcoin must be prepared to lose all money invested in Bitcoin; (ii) the Bitcoin market is largely unregulated. There is a risk of losing money due to risks such as cyber-attacks, financial crime and counterparty failure; (iii) the Company may not be able to sell its Bitcoin at will. The ability to sell Bitcoin depends on various factors, including the supply and demand in the market at the relevant time. Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay; and (iv) cryptoassets are characterised in some quarters by high degrees of fraud, money laundering and financial crime. In addition, there is a perception in some quarters that cyber-attacks are prominent which can lead to theft of holdings or ransom demands. The Board of Directors of the Company does not subscribe to such a negative view, especially in relation to Bitcoin. However, prospective investors in the Company are encouraged to do your own research before investing.
Related Shares: