REG - Smarter Web Company - Bitcoin Purchase

Smarter WebAnnouncement

24/04/2026 07:00

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RNS Number : 7426B  Smarter Web Company PLC (The)  24 April 2026

24 April 2026

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

The Smarter Web Company PLC

("The Smarter Web Company" or the "Company")

Bitcoin Purchase

 

The Smarter Web Company (LSE: SWC | OTCQB: TSWCF | FRA: 3M8) announces the
purchase of additional Bitcoin as part of "The 10 Year Plan" which includes an
ongoing treasury policy of acquiring Bitcoin. Details are as follows:

 

·    Number of Bitcoin Purchased: 44 Bitcoin

·    Average Purchase Price: £57,081 per Bitcoin ($77,071 per Bitcoin)

·    Amount Purchased: £2,511,585

 

·    Total Bitcoin Holdings: 2,750 Bitcoin

·    Total Average Purchase Price: £82,031 per Bitcoin ($110,758 per
Bitcoin)

·    Total Amount Purchased: £225,586,047

 

·    The Company has achieved a Quarter-to-Date BTC Yield* of 11.84% on
its treasury

 

*   As defined below

 

Coinbase Strategic Credit Facility

The Company announces that the Board has elected to utilise a portion of its
Strategic Credit Facility with Coinbase Credit, Inc, as originally announced
on 24 February 2026, to fund limited additional Bitcoin purchases over time.
The Company's Bitcoin Treasury Policy has been amended to reflect that the
Strategic Credit Facility may be utilised to fund Bitcoin purchases.

The Company previously had £9,500,000 drawn down under this facility, used in
connection with the voluntary warrant purchases announced on 12 March and 8
April 2026.

With a view to enhancing capital efficiency, the Board considers it
appropriate to responsibly increase the Company's leverage ratio from
approximately 6.4%, subject to ongoing review.

Following the Bitcoin purchase announced today, total drawings under the
facility are £12,000,000, representing an approximate leverage ratio of 8.1%.
The Company will provide updates on any material drawdowns or repayments in
future regulatory announcements.

The terms of the facility with Coinbase remain unchanged. The loan is secured
against the Company's existing Bitcoin holdings, carries a competitive
variable interest rate of between 6.75% to 7.25%, and is repayable without
additional charges at the Company's discretion.

 

Enquiries:

 The Smarter Web Company              +44 (0) 117 313 0459

 CEO / Head of Capital Markets

 Andrew Webley / Jamie Knowles
 Tennyson Securities                  +44 (0) 207 186 9030

 Lead Broker

 Peter Krens

 Strand Hanson Limited                +44 (0) 207 409 3494

 Financial Adviser

 James Bellman / Abigail Wennington

 

About The Smarter Web Company:

The Smarter Web Company offers web design, web development and online
marketing services. Clients pay an initial fee, an annual hosting charge and
an optional monthly marketing charge. Growth opportunities exist for The
Smarter Web Company around these existing services.

In addition to organic growth, the Company will progress an acquisition
strategy targeting other businesses with a view to growing its number of
clients and / or recurring revenue. The Smarter Web Company will only make
acquisitions where the Directors believe the timing and opportunity is
appropriate.

Since 2022, The Smarter Web Company has adopted a policy of accepting payment
in Bitcoin. The Company believes that Bitcoin forms a core part of the future
of the global financial system and as the Company explores opportunities
through organic growth and corporate acquisitions is pioneering the adoption
of a Bitcoin Treasury Policy into its strategy.

Please also see "The 10 Year Plan" announced by the Company via regulatory
news at 07:00 on 28 April 2025 and available on the Company website.

Visit our website: https://www.smarterwebcompany.co.uk
(https://www.smarterwebcompany.co.uk)

Follow us on X: https://x.com/smarterwebuk (https://x.com/smarterwebuk)

The Smarter Web Company's Legal Entity Identifier (LEI) is
213800VQO9FUG4PZMP73.

The Directors of the Company accept responsibility for the contents of this
announcement.

 

Important Notice:

The Smarter Web Company Plc holds treasury reserves and surplus cash in
Bitcoin. Bitcoin is a type of cryptocurrency or cryptoasset. Whilst the Board
of Directors of the Company considers holding Bitcoin to be in the best
interests of the Company, the Board remains aware that the financial regulator
in the UK (the Financial Conduct Authority or FCA) considers investment in
Bitcoin to be high risk. An investment in the Company is not an investment in
Bitcoin, either directly or by proxy. However, the Board of Directors of the
Company consider Bitcoin to be an appropriate store of value and growth for
the Company's reserves and, accordingly, the Company is materially exposed to
Bitcoin. Such an approach is innovative, and the Board of Directors of the
Company wish to be clear and transparent with prospective and actual investors
in the Company on the Company's position in this regard.

The Company is neither authorised nor regulated in the conduct of its business
by the FCA. And there is currently limited regulation of cryptocurrencies
(such as Bitcoin) in the UK. As with most other investments, the value of
Bitcoin can go down as well as up, and therefore the value of the Company's
Bitcoin holdings can fluctuate. The Company may not be able to realise its
Bitcoin exposure for the same as it paid in the first place or even for the
value the Company ascribes to its Bitcoin positions due to these market
movements. An investment in the Company is not protected by the UK's Financial
Ombudsman Service or the Financial Services Compensation Scheme.

Nevertheless, the Board of Directors of the Company has taken the decision to
invest in Bitcoin, and in doing so is mindful of the special risks Bitcoin
presents to the Company's financial position. These risks include (but are not
limited to): (i) the value of Bitcoin can be highly volatile, with value
dropping as quickly as it can rise. Investors in Bitcoin must be prepared to
lose all money invested in Bitcoin; (ii) the Bitcoin market is largely
unregulated. There is a risk of losing money due to risks such as
cyber-attacks, financial crime and counterparty failure; (iii) the Company may
not be able to buy or sell its Bitcoin at will. The ability to buy or sell
Bitcoin depends on various factors, including the supply and demand in the
market at the relevant time. Operational failings such as technology outages,
cyber-attacks and comingling of funds could cause unwanted delay; and (iv)
cryptoassets are characterised in some quarters by high degrees of fraud,
money laundering and financial crime. In addition, there is a perception in
some quarters that cyber-attacks are prominent which can lead to theft of
holdings or ransom demands. The Board of Directors of the Company does not
subscribe to such a negative view, especially in relation to Bitcoin. However,
prospective investors in the Company are encouraged to do your own research
before investing.

BTC Yield is a key performance indicator (KPI) that reflects the percentage
change in the ratio of Total Bitcoin Holdings to Shares In Issue (Fully
Diluted) over a given period. The Company uses BTC Yield to assess the
performance of its Bitcoin acquisition strategy, which is intended to be
accretive to shareholders.

Quarter-to-Date BTC Yield specifically measures this percentage change from
the end of the first calendar quarter (31 March 2026) up to the present date.

Diluted Market Cap is defined as the Company's current share price multiplied
by the fully diluted shares in issue.

Enterprise Value is defined as the sum of the Diluted Market Cap and our total
notional debt, less our treasury cash balance.

Net Asset Value is defined as the sum of the market value of Bitcoin held and
our treasury cash balance, less total notional debt.

mNAV is defined as the Enterprise Value divided by Net Asset Value.

 

This announcement contains inside information which is deemed by the Company
to constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law
by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of
the Market Abuse (Amendment) (EU Exit) Regulations 2019 ("MAR"). This
announcement is made in accordance with the Company's obligations under
article 17 of MAR.

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