These purchases follow a preferred share offering that raised £10 million, with £4 million of net proceeds designated for bitcoin. The preferred shares begin trading on the Main Market of the London Stock Exchange on Oct. 14 and carry an initial annual dividend rate of 12% paid weekly, the first such payment by a London-listed commercial company. Smarter Web is the largest public bitcoin treasury in the UK and ranks in the top 30 globally.
Tuesday, October 20, 2026
Story
Smarter Web Hits 2,830 BTC to Lead UK Public Treasuries
Crypto6 days ago
The London-listed firm spent £5.2 million ($6.9 million) to buy 83 additional bitcoin, increasing its total cryptocurrency reserves to 2,830 BTC. Smarter Web also reduced its outstanding borrowing under a Coinbase credit facility to £16 million from approximately £17 million, utilizing recent capital inflows to balance its treasury.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.