Andrew Webley, CEO of Smarter Web Company (SWC), shared a detailed update on the firm’s progress this week. Despite quieter equity markets in the UK, the company reported steady developments across funding, operations, and its Bitcoin strategy. On Monday, SWC confirmed that it raised £7.6 million through an ATM-style share facility in just two weeks. Webley explained that providing updates every fortnight ensures transparency for investors while supporting a consistent flow of proceeds.
Bitcoin Treasury Expansion
A key highlight came on Tuesday, when SWC announced the purchase of an additional 295 Bitcoin. This brought the company’s total holdings to 2,395 BTC. Webley described the increase as a “reasonable gain,” noting that the 30-day yield showed a 76% rise. Speaking at a virtual conference with Tim Kotzman, Webley compared managing a Bitcoin treasury to “a marathon where you sprint every day.” He stressed the importance of maintaining discipline and high performance as the company expands its crypto exposure.
Growing Investor Interest
By midweek, Webley met with potential investors in London. He noted a clear rise in interest from UK institutional players, who are increasingly viewing Bitcoin on company balance sheets as a long-term value proposition. Returning to his desk, Webley received a symbolic gift from shareholders. A frame marking SWC’s achievement of 2,100 BTC. With placeholders for future milestones at 21,000 and 210,000. The gesture, he said, underscored the community’s strong support and optimism.
Building for the Future
Thursday focused on company growth and recruitment. SWC finalized the hiring of a marketing manager, who will support both its web design operations and public company communications. Two additional team members are also set to join soon, aligning with SWC’s long-term “10 Year Plan.” Webley emphasized that the company is focused on building a team of exceptional talent to drive expansion. Despite lower trading volumes during August. He highlighted the community’s continued engagement, thanking several supporters by name.
Looking Ahead
The coming weeks will be packed with activity. Webley has further investor meetings in London, followed by travel to Hong Kong for the Bitcoin Conference Asia. He will reconnect with fellow director Tylev and industry peers while also pursuing discussions with new investors. On the community side, SWC has restocked its merchandise, including hoodies, t-shirts, and caps. Those are already generating strong demand. Webley closed his update by reaffirming the company’s commitment to transparency, promising timely announcements while respecting its obligations as a public company.