The Smarter Web Company, listed as AQUIS: SWC and OTCQB: TSWCF, has acquired £8.1 million worth of Bitcoin, purchasing an additional 104.28 Bitcoin at an average price of £77,751 per Bitcoin.
The company has been accepting payment in Bitcoin since 2023 and believes in the future of Bitcoin as part of the global financial system.
With this recent purchase, The Smarter Web Company now holds a total of 346.63 Bitcoin valued at £27.2 million with an average purchase price of £78,480 per Bitcoin, integrated into its '10 Year Plan' Bitcoin strategy.
CEO Andrew Webley aims to inspire other UK companies to implement similar Bitcoin treasury policies.
Following a £29.3 million capital raise, updated director shareholdings were confirmed, resulting in ownership adjustments for key shareholders like Andrew Webley & Family, Tyler Evans, Mario Visconti, and Sean Wade & Family.
The company has signed a Subscription Agreement for up to 21 million new Ordinary Shares, allowing phased issuance, with the initial tranche of 7 million shares available immediately.