The Smarter Web Company, a UK-based web design firm, raised £29.3 million through an accelerated bookbuild and subscription with institutional investors, issuing over 16.2 million new shares at £1.80 each, matching the closing bid on June 13. The funds will be used to expand the company's Bitcoin treasury strategy, which currently holds 242.34 BTC with an average cost basis of £78,793 per Bitcoin, reinforcing its commitment to Bitcoin as a core component of its financial strategy.
The Smarter Web Company, a UK-based digital services firm, has successfully secured £29.3 million via an oversubscribed accelerated bookbuild and institutional subscription, significantly exceeding its £15 million minimum target. New shares were issued at £1.80 each, aligning with the June 13 closing bid and notably more than double the price of its last fundraising round, reflecting strong investor appetite and a positive market perception indicated by a sentiment score of 0.85. The proceeds are designated for the expansion of its Bitcoin treasury, which recently grew to 242.34 BTC following a £5.98 million purchase, bringing the average cost basis to £78,793 per Bitcoin. This strategic commitment is embedded in the company's "10 Year Plan," formalized in April 2025, which views Bitcoin as integral to the future financial system. The issuance of over 16.2 million new ordinary shares, expected to be admitted around June 19, will increase total shares to over 220 million, a dilutive event for existing shareholders but one that reinforces The Smarter Web Company's distinct position among UK-listed firms actively integrating digital assets into their corporate treasury.
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request a DemoOverall Sentiment
strongly positive
Sentiment Score
0.85
Ticker Sentiment
