UK-based web design and marketing firm The Smarter Web Company has raised £41.2 million ($56.59 million) from institutional investors, just days after significantly increasing its Bitcoin holdings.
The capital raise, announced Thursday, was conducted through an accelerated bookbuild process—allowing the company to quickly secure funding within one or two days without extensive marketing. The firm raised £36.27 million ($49.8 million) via the bookbuild and an additional £4.97 million ($6.82 million) by subscription, pricing shares at £2.90 ($3.98) each. The new shares are expected to be issued starting July 1.
This funding round comes shortly after The Smarter Web Company purchased 196.8 Bitcoin for over $20 million at an average price of $103,290 per BTC. As of Tuesday, the company held 543.52 BTC at an average acquisition cost of $104,450 per coin, valued at approximately $58.19 million.
Since launching its Bitcoin treasury strategy in April and accepting Bitcoin payments since 2023, the company’s BTC holdings surged dramatically—from 83.24 BTC at the end of May to 543.52 BTC in less than a month, an increase of over 460 BTC.
Stock Performance and Market Activity
Despite these significant Bitcoin acquisitions, The Smarter Web Company’s stock (TSWCF), traded over-the-counter on the US OTCQB market, experienced a 15% drop on Thursday, closing at $3.56 after dipping to an intraday low of $3.19. The shares fell a further 1.8% in after-hours trading to $3.49. Nonetheless, the stock remains up 274% year-to-date.
UK Firms Increasing Bitcoin ExposureThe Smarter Web Company is part of a growing trend among UK businesses embracing Bitcoin despite the country’s unclear regulatory framework for digital assets. For instance, London Stock Exchange-listed firm Vinanz recently acquired 37.72 BTC, bringing its total holdings to 58.68 BTC. Similarly, London-based investment firm Abraxas Capital purchased over $250 million worth of Bitcoin in April.
This wave of corporate Bitcoin accumulation signals rising institutional interest in the UK’s digital asset space, even as regulatory clarity remains a work in progress.
June 2025, Cryptoniteuae