365int
tags: bitcoin, uk, ipo, btc, stock, crypto, reserve
Small Firm, Big Gains
The Smarter Web Company, based in Bristol, just turned heads with a 6,400% stock jump.
Their April IPO raised £2.1M. Since then, the stock soared from £4.50 to £292.50.
How? By stacking Bitcoin—543.52 BTC to be exact.
Bitcoin Business Model
This UK web design company now puts its cash into Bitcoin instead of pounds.
Since April, they’ve bought BTC five times. More is coming.
CEO Andrew Webley says it’s “the most successful IPO in UK history.”
And now 21 other companies are trying to copy them.
Not All That Glitters…
Webley warns some copycats haven’t bought any BTC—they just say they did.
He reported this to Acquis, the UK’s small-cap exchange.
Two firms, GSTechnologies and TruSpine, announced BTC policies the same day.
No Debt, No Discounts
The firm raised over $74.9M without taking loans or selling shares below market price.
Webley calls Bitcoin “the best asset in the world.”
He believes its fixed supply and decentralization give it long-term value.
Despite volatility, he says Bitcoin is now “more stable.”
They plan to hit 1,000 BTC within four months—maybe sooner.
And no, they’re not ditching their core business. BTC is just the fuel.
