Smarter Web Company Raises $5M, Eyes Bitcoin Purchase
London-listed Smarter Web Company (SWC) has raised £3.7 million (about $5 million) through a share subscription, issuing 1,898,201 ordinary shares at £1.93 each. The company expects to receive approximately 97% of net proceeds this week. While SWC’s official notice did not specify fund usage, market sources suggest the Smarter Web Company may allocate part of the proceeds to purchase Bitcoin and bolster its crypto holdings. The August 11–22 subscription leaves 2,591,799 unissued shares, which will be covered under a new subscription agreement. This recent capital raise underscores growing corporate demand for Bitcoin and signals further institutional adoption of digital assets.
Bullish
Smarter Web Company’s move to potentially deploy $5 million into Bitcoin reflects growing optimism among public tech firms toward digital asset adoption. Similar past rounds—like MicroStrategy’s significant Bitcoin allocations—have driven positive market sentiment and speculative buying. In the short term, news of a new corporate Bitcoin buyer can trigger increased demand and price upticks. Over the long term, continued capital raises for crypto investments by listed companies support structural growth in Bitcoin’s market acceptance, reinforcing bullish trends.