The Smarter Web Company, a UK-based internet design and digital providers agency, has raised £29.3 million in a new funding round to assist its Bitcoin treasury strategy.
The increase was accomplished by way of an accelerated bookbuild and a subscription with institutional buyers. Shares have been priced at £1.80 every, matching the closing bid on Friday, June 13. That value is greater than double the corporate’s final fundraising spherical.
“The Smarter Internet Firm is happy to announce the profitable completion of an Accelerated Bookbuild to institutional buyers by way of Tennyson Securities and Peterhouse Capital Restricted. A Subscription with Certified Traders has additionally been accomplished, the corporate stated.
In complete, greater than 16.2 million new shares have been issued—15.4 million by way of the bookbuild and about 854,000 by way of the subscription.
With a excessive degree of demand the Bookbuild and Subscription has raised roughly £29.3 million, properly above the acknowledged minimal of £15 million, by way of the problem of a complete of 16,297,627 new odd shares of £0.001 every at £1.80 per share. The Provide Worth was on the closing bid value on Friday 13 June 2025,” the corporate stated.
The increase comes simply three days after the corporate revealed it had bought 74.27 extra Bitcoin for £5.98 million, bringing its complete Bitcoin holdings to 242.34 BTC. Its common value foundation now sits at £78,793 per Bitcoin.
“The Firm believes that Bitcoin types a core a part of the way forward for the worldwide monetary system,” it stated in each filings.
Smarter Internet began constructing its Bitcoin treasury technique in 2023.
“Since 2023 The Smarter Internet Firm has adopted a coverage of accepting cost in Bitcoin. The Firm is pioneering the adoption of a Bitcoin Treasury Coverage into its technique.”
The technique was formally formalized in April, 2025 with the launch of its “10 Year Plan,” seeing Bitcoin play a key position in its monetary construction.
Admission of the brand new shares is predicted round June 19, after which the corporate’s complete shares in problem will rise to over 220 million.
With this increase, Smarter Internet continues to face out as one of many few UK-listed corporations actively constructing a company Bitcoin treasury.