Latest Bitcoin Acquisition Details
The Smarter Web Company (AQUIS: SWC | OTCQB: TSWCF) has announced that it acquired an additional 104.28 Bitcoin at an average price of £77,751 (approximately $104,451) per Bitcoin, totaling £8.1 million. The company stated that since 2023 it has adopted a policy of accepting payment in Bitcoin, and believes that Bitcoin forms a core part of the future of the global financial system.
Total Holdings and Strategic Approach
With this latest purchase, the company's total Bitcoin holdings have increased to 346.63 BTC, now valued at £27.2 million, with an overall average purchase price of £78,480 ($105,430) per Bitcoin. These accumulations are part of the company's long-term Bitcoin strategy under its '10 Year Plan.' CEO Andrew Webley commented: 'I am looking forward to working with our advisors on evaluating the effectiveness and perhaps we can then inspire other UK companies to adapt a similar mechanism, as we have seen with our pioneering approach to treasury management using Bitcoin.'
Fundraising and Shareholding Changes
Following a successful fundraise, the company confirmed updated director shareholdings after a £29.3 million capital raise announced on 16 June 2025, which resulted in a 7.39% dilution for existing shareholders. Specific changes: Andrew Webley & Family maintained 27,388,732 shares, with ownership decreasing from 13.41% to 12.42%; Tyler Evans retained 960,000 shares, down from 0.47% to 0.44%; Mario Visconti held 950,000 shares, from 0.47% to 0.43%; Sean Wade & Family kept 767,346 shares, from 0.38% to 0.35%. Webley added: 'We have spent the last few weeks working with our advisors to implement this as we believe that our shareholders want us to generate capital and move the business forward.'
Subscription Agreement and Future Issuance
Additionally, The Smarter Web Company has signed a Subscription Agreement for up to 21 million new Ordinary Shares. The agreement allows for staged issuance, with an initial tranche of 7 million shares being made available immediately. Further tranches may follow in the coming months. The company stated: 'Shard shall use reasonable endeavours to place a first tranche of 7 million new Ordinary Shares within 1 month from signing of the Subscription Agreement and, for each tranche of new Ordinary Shares thereafter, within 3 months from subscribing for them.'