The Smarter Web Company (LSE: SWC | OTCQB: TSWCF | FRA: 3M8) announces the purchase of additional Bitcoin as part of “The 10 Year Plan” which includes an ongoing treasury policy of acquiring Bitcoin. Details are as follows:
- Number of Bitcoin Purchased: 44 Bitcoin
- Average Purchase Price: £57,081 per Bitcoin ($77,071 per Bitcoin)
- Amount Purchased: £2,511,585
- Total Bitcoin Holdings: 2,750 Bitcoin
- Total Average Purchase Price: £82,031 per Bitcoin ($110,758 per Bitcoin)
- Total Amount Purchased: £225,586,047
- The Company has achieved a Quarter-to-Date BTC Yield* of 11.84% on its treasury
* As defined below
Coinbase Strategic Credit Facility
The Company announces that the Board has elected to utilise a portion of its Strategic Credit Facility with Coinbase Credit, Inc, as originally announced on 24 February 2026, to fund limited additional Bitcoin purchases over time. The Company’s Bitcoin Treasury Policy has been amended to reflect that the Strategic Credit Facility may be utilised to fund Bitcoin purchases. The Company previously had £9,500,000 drawn down under this facility, used in connection with the voluntary warrant purchases announced on 12 March and 8 April 2026.
With a view to enhancing capital efficiency, the Board considers it appropriate to responsibly increase the Company’s leverage ratio from approximately 6.4%, subject to ongoing review. Following the Bitcoin purchase announced today, total drawings under the facility are £12,000,000, representing an approximate leverage ratio of 8.1%. The Company will provide updates on any material drawdowns or repayments in future regulatory announcements. The terms of the facility with Coinbase remain unchanged. The loan is secured against the Company’s existing Bitcoin holdings, carries a competitive variable interest rate of between 6.75% to 7.25%, and is repayable without additional charges at the Company’s discretion.
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