The Smarter Web Company
Coverage of The Smarter Web Company in the Nexus archive.
- Smarter Web Company Sells Bitcoin to Clear $11.7 Million Debt Facility
Smarter Web Company sold 177.89 BTC at $65,762 each to repay an $11.7 million convertible debt facility with TOBAM, avoiding equity dilution. The company retains 2,700 BTC, framing the sale as a strategic debt management move rather than a loss of confidence in Bitcoin.
- ‘Not currently the right capital solution’: Smarter Web sells 178 bitcoin to repay $11.7M convertible instrument
The Smarter Web Company sold 177.89 BTC at $65,762 to repay $11.7 million to TOBAM, cancelling 7.7 million in potential share issuance.
- TD Cowen cuts Smarter Web Company price target 36% on revised bitcoin outlook
TD Cowen reduced Smarter Web Company's price target by 36% to £0.64 while keeping a Buy rating, attributing the change to updated bitcoin forecasts and treasury assumptions.
- Smarter Web Company Adds 10 Bitcoin, Lifts Holdings to 2,869 BTC Amid Treasury Push
The Smarter Web Company (LSE: SWC) purchased 10 Bitcoin at £55,786 per coin, increasing its holdings to 2,869 BTC. The company uses Bitcoin as a treasury reserve asset and has a £18 million credit facility with Coinbase to scale BTC exposure. It reported a 15.43% Bitcoin yield and competes with firms like Strive and MicroStrategy in BTC accumulation strategies.
- TD Cowen reiterates buy rating on Smarter Web Company, says it remains UK’s only scaled bitcoin treasury vehicle
TD Cowen has reaffirmed a buy rating for The Smarter Web Company, citing its strengthened position as the UK's only scaled bitcoin treasury vehicle. The firm emphasizes the company's unique role in the UK market for bitcoin treasury vehicles.