From Cointelegraph
June 27, 2025 02:14 am:

UK-based web design and marketing firm The Smarter Web Company raised 41.2 million British pounds ($56.59 million) from institutional investors through accelerated bookbuild. They also purchased 196 Bitcoin, adding to their growing holdings, which now total 543.52 BTC.

The Smarter Web Company bought 196.8 Bitcoin at an average price of $103,290 each, spending over $20 million. Their Bitcoin stash is now worth around $58.19 million, with holdings increasing from 83.24 BTC at the end of May to 543.52 BTC.

Shares in The Smarter Web Company PLC (TSWCF) fell by 15% in the US, closing at $3.56 on the OTCQB market. After hitting an intraday low of $3.19, the stock price continued to drop, ending the after-hours session at $3.49. Despite recent declines, the stock is up 274% year-to-date.

Other UK companies, like Vinanz and Abraxas Capital, have been buying up Bitcoin despite unclear regulations around digital assets in the country. Vinanz acquired 37.72 BTC to bring their total holdings to 58.68 BTC, while Abraxas Capital purchased more than $250 million worth of Bitcoin in April.

Read more at Cointelegraph: The Smarter Web Company Raises $56M After 196 Bitcoin Buy