Smarter Web Company is the largest Bitcoin Treasury Company listed in London, and one of the top 30 corporate holders of Bitcoin in the world. The company completed an IPO in April 2025 with a profitable operating business in the web design space and an ambitious strategy to accumulate Bitcoin in the long-term interest of both its business and its shareholders.
During its first six months as a public company, SWC raised £220 million of equity capital from institutional and high net-worth investors, enabling it to acquire 2,695 BTC and increase its fully diluted Bitcoin per share by over 600x. The corresponding 20x increase in the SWC share price over the period made the stock one of the best performing IPOs in UK capital markets history.
2,695.00
BTC Held
£82,553
Average BTC Aqs Cost
1,797,057
3 Month Av daily Volume
8.421875
Av BTC Purchase daily
1,122%
Total return since IPO
| Row Labels | Sum of Gross deal size US$ m |
|---|---|
| 25-Apr-25 | 1.4 |
| 08-May-25 | 3.0 |
| 14-May-25 | 4.6 |
| 23-May-25 | 9.2 |
| 04-Jun-25 | 18.2 |
| 13-Jun-25 | 39.8 |
| 18-Jun-25 | 30.7 |
| 25-Jun-25 | 56.4 |
| 08-Jul-25 | 14.1 |
| 17-Jul-25 | 23.5 |
| 01-Aug-25 | 7.0 |
| 05-Aug-25 | 20.0 |
| 09-Sep-25 | - |
| 03-Oct-25 | 13.0 |
| Grand Total | 240.9 |
“Tennyson has been an essential ingredient in the success of our journey as a public company. The team were enthusiastic backers of the Bitcoin Treasury model at a time when it was relatively unknown in London, and they were adept at identifying and nurturing a new generation of institutional shareholders, keen to invest in a profitable corporate structure committed to accumulating Bitcoin as a treasury asset. Throughout the journey, Tennyson were instrumental in advising and guiding us through several placings and direct subscriptions, as well as a variety of innovative capital market instruments which SWC pioneered in the London market, including our “ATM-like” subscription agreements and the first-ever Bitcoin-backed convertible bond.”
– Andrew Webley, The Smarter Web Company CEO