Bitcoin Treasury Firm The Smarter Web Company Lists on London Stock Exchange
UK-based treasury firm Smarter Web Company lists with £118M valuation, holding 2,674 BTC, signaling mainstream market integration of significant crypto reserves.
BTC
Fact Check
The evidence overwhelmingly supports the statement. Multiple high-authority, primary sources directly confirm both components of the claim. The London Stock Exchange's own market announcement service and official Regulatory News Service (RNS) announcements, distributed by outlets like Reuters, explicitly confirm The Smarter Web Company's 'First Day of Dealings' on the exchange. These same primary sources, along with several other financial news reports, also verify the company's identity as a 'Bitcoin treasury firm' with a corresponding strategy.While some sources reference a listing on the Aquis Stock Exchange or show a ticker associated with it, this does not create a significant contradiction. Instead, other reports clarify this context, stating the company moved or 'uplisted' from the Aquis Exchange to the London Stock Exchange's Main Market. The data showing an Aquis ticker is therefore best understood as being outdated rather than contradictory. The consistency across numerous credible sources, particularly the official exchange announcements, provides a very strong basis for concluding the statement is true.
Summary
The Smarter Web Company, the UK’s largest Bitcoin treasury firm, began trading on the London Stock Exchange’s main market on February 3 under the ticker SWC. Opening at £0.43 per share with a £118 million valuation, the company holds 2,674 BTC acquired at an average price of $111,000. The listing underscores the growing presence of significant cryptocurrency reserves within publicly traded companies, offering investors direct exposure to Bitcoin through regulated equity markets.
Terms & Concepts
- Bitcoin Treasury: A company strategy of holding Bitcoin as a reserve asset, often as part of its core balance sheet.
- London Stock Exchange: One of the world's largest and oldest stock exchanges, based in London, facilitating capital raising and securities trading.
- Ticker Symbol: A unique series of letters assigned to a security for trading purposes on an exchange.