Last week I touched on Bitcoin treasury analytics and how companies like Smarter Web are thinking about the metrics that matter as we scale.
As more companies adopt Bitcoin treasury strategies, I expect the frameworks investors use to assess value to continue evolving. One of the biggest challenges for all of us operating in this space is communicating that opportunity with maximum transparency while recognising that many of these metrics are still new to the market.
Just as investors once had to learn how to value software businesses differently from industrial companies, I believe the same will happen with Bitcoin treasury companies. Understanding Bitcoin-denominated balance sheets and the metrics that accompany them will take time, education and experience. We are pleased to be playing our part in helping develop that conversation and improving investor understanding of the model.
Bitcoin has had a little volatility this week, following the pullback that came after the move up between April and early May. Short-term volatility has always been part of Bitcoin’s journey. Every major cycle has included periods of consolidation before continuing its longer-term trend.
When you zoom out, the bigger picture remains unchanged. Bitcoin continues to do what it has always done: experience volatility in the short term while steadily appreciating over the long term. More importantly, away from the day-to-day price action, adoption continues to grow, infrastructure continues to mature and the underlying network becomes stronger with each passing year.
In my view, the progress Bitcoin has made over the last twelve months exceeds anything we have seen previously in its history.
I believe we are living through a pivotal moment. We have the opportunity to rebuild significant parts of the world’s financial infrastructure on an open, decentralised monetary network. That opportunity exists because millions of participants – including individuals, institutions, developers and companies – are contributing in different ways towards the same ecosystem. Digital capital for a digital future.
That long-term vision is what motivates everything we are building at Smarter Web.
While I spend much of my time looking forward, I am also incredibly proud of what our team has achieved so far – with the support of our shareholders.
Since our IPO in April 2025, Smarter Web has become one of the UK’s fastest-growing and most closely watched public companies. We have successfully raised a little under £250 million to build the UK’s largest public company Bitcoin treasury.
Our progress has been driven by a clear strategy and disciplined execution. Just nine months after joining the Aquis Stock Exchange, we successfully uplisted to the London Stock Exchange Main Market, significantly increasing our profile among investors.
We have analyst coverage from major broker TD Cowen and have become one of the UK’s most actively traded and widely owned newer retail stocks.
These achievements are milestones, not the destination.
Our ambition is to build a modern British technology company that combines growing operating businesses with a forward-looking balance sheet. We believe Bitcoin will become an increasingly important strategic reserve asset over the coming decades, and we intend to continue growing our treasury responsibly whilst increasing Bitcoin per share.
Ultimately, our goal is to create long-term value for our shareholders. We want to demonstrate that a British public company can innovate, execute quickly and compete successfully on the global stage. We are building a company designed not just for today’s digital economy, but for the decades ahead.
Turning to this week, on Monday we announced an update on our ATM-style facility, raising £299,091 (before expenses) from shares sold during the previous week. Later that day I joined Roxom TV on “The State of Bitcoin Markets”. It was my first appearance on the show for some time, but I was pleased to join the show and thoroughly enjoyed the discussion.
On Tuesday we announced the appointment of our new Chief Financial Officer. Oliver Hewett has served as Group Financial Controller since joining us on 27 April 2026 and has quickly become an integral member of our leadership team. His combination of institutional finance experience, previous CFO experience and genuine conviction in Bitcoin makes him the ideal person to lead our finance function as we continue executing our 10-Year Plan.
On Wednesday we held a shareholder meeting. I was delighted that shareholders supported the resolution with 99.94% of the votes cast in support. In simple terms, this allows us to convert part of our share premium into distributable reserves, with the process expected to complete around 15 July 2026.
Alongside these announcements, our team has continued to work on a number of initiatives that we believe will be fundamental to our long-term success. I have often said that leading Smarter Web is a privilege. One of the few frustrations that comes with running a listed company is that we cannot always share everything we are working on until the appropriate time. I look forward to discussing more with you as those opportunities develop.
Finally, I would simply like to say thank you. Your continued support, trust and belief in our vision are greatly appreciated by everyone at Smarter Web.
LSE: #SWC | OTCQB: $TSWCF | FRA: $3M8
