The Smarter Web Company Goes Big on Bitcoin: Snags 346 Coins After Killer Fundraise!

London Tech Firm Doubles Down on BTC, Riding High on Massive Capital Raise

Holy smokes, The Smarter Web Company just flexed its crypto muscles, beefing up its BTC stash to a whopping 346 coins! This power move came right after they smashed their fundraising goals, raking in nearly double what they aimed for.

Get this: on June 19, these London tech gurus dropped the bombshell that they'd scooped up an extra 104.28 BTC at a sizzling average price of £77,751 ($104,451) per coin. That's a cool £8,108,114 splashed out, bringing their grand total to 346.63 BTC. Talk about going all in!

So far, these guys have poured £27.2 million into Bitcoin, snagging it at an average of £78,480 ($105,430) per BTC. They're not messing around!

Hot on the heels of their June 16 fundraise, where they pulled in a mind-blowing £29.3 million ($37.1 million) through some slick institutional bookbuilding and savvy investor subscriptions, they're riding high. They were gunning for at least £15 million, but the demand was off the charts!

Sure, existing shareholders took a 7.39% hit, but the directors held tight, even if their ownership percentages dipped a smidge.

The Smarter Web Company isn't just dipping its toes in the crypto pool; they're diving in headfirst as part of their epic "10 Year Plan." Bitcoin is the cornerstone of their financial strategy, and they're not shy about it!

Just days before the fundraise, on June 13, they nabbed 74.27 BTC for £5.98 million, pushing their total to 242.34 BTC at the time. With this latest haul of 104.28 BTC, their Bitcoin holdings have skyrocketed by 43% since that last buy. These guys are on a roll!

But wait, there's more! Other UK companies are jumping on the Bitcoin bandwagon. Take Abraxas Capital, a London investment firm that just scooped up around 2,949 BTC, worth over $250 million, seizing the moment during a market dip. Smart move!

And it's not just them. More UK firms are catching the Bitcoin bug, inspired by the legendary Michael Saylor's strategy. Bluebird Mining Ventures Ltd., a London-listed gold miner, is making waves by planning to convert its gold revenue straight into BTC. They're the first UK mining company to officially go for a "gold-to-digital-gold" treasury approach. That's next-level thinking!