Smarter Web Company Scores £17.5 Million to Turbocharge Bitcoin Buying Spree

London-Based Firm Raises Funds Through Equity Offering to Institutional Investors

Hang onto your hats, crypto fans! Smarter Web Company, the London-listed Bitcoin treasury powerhouse, just pocketed a cool £17.5 million in fresh equity to keep its Bitcoin buying machine roaring. They're not messing around, folks!

In a lightning-fast move, Smarter Web sold 5.9 million new shares at £2.95 a pop in an accelerated bookbuild masterminded by Tennyson Securities and Peterhouse Capital Ltd. These pros know how to keep the cash flowing to fuel Smarter Web's aggressive BTC strategy.

Just days ago, on July 16, Smarter Web dropped £27.15 million ($36.45 million) on 325 BTC at an average price of £83,525 ($112,157) per coin. And that's hot on the heels of snapping up 275 BTC at an average of $108,182. This company is on a roll!

Smarter Web isn't shy about raising funds through institutional bookbuilding and qualified investor subscriptions. As the savvy investor Henry Bomby noted, they've been raking in £2,435,422 per day since their IPO. And where's all that cash going? Straight into Bitcoin, baby! It's all part of their bold "10-Year Plan" to keep an active BTC treasury front and center in their financial strategy.

Get this: Smarter Web only started its Bitcoin treasury strategy in April, and they've already stacked 1,600 BTC. That's enough to put them in the top 25 institutional holders worldwide. Talk about hitting the ground running!