- Firm’s stock has rallied by over 500% since adopting Bitcoin
- According to the CEO, more aggressive accumulation could be on the cards in the future
U.K’s first Strategy copycat, The Smarter Web Company, has increased its Bitcoin holdings to 346.63 BTC with its latest £8 million purchase.
As expected, the update pumped its share price by 43% as traders front-ran the announcement, marking the beginning of Bitcoin treasury frenzy in the United Kingdom.
Source: Google Finance (Market performance at 13:26 CET, Friday, 20 June)
Will Bitcoin’s treasury trend offer extra gains?
In comparison, Japan-based Metaplanet’s price soared by 78% when it announced its BTC corporate strategy last April.
Over a year later, the stock pumped by nearly 9000%, a windfall for early investors who jumped on the trend early. Whether The Smarter Web Company (TSMC) will follow a similar trend remains to be seen.
However, Thursday’s BTC purchase made the TSMC’s stock among the top three traded in the U.K. In fact, one user stated,
“Absolutely remarkable both our #TeamG₿ treasury companies are in the top 10 most traded on the country’s most used trading platform!!”
Source: X
A similar trading frenzy has been seen with Metaplanet whenever it announces a BTC purchase.
Worth pointing out, however, that The Smarter Web Company, which specializes in web development and online marketing, had an IPO (Initial Public Offering) in April 2025. It made its first BTC buy on 25 April. It has since been gradually accumulating small quantities.
Thursday’s purchase was its highest bid though, surging from 10.59 BTC to 346.6 BTC – Worth $36 million and ranked 44th on the Bitcoin treasury company’s listing.
Source: BitBo
Reacting to the development, CEO Andrew Webley signaled more aggressive accumulation ahead. He stated,
“And we are only just getting started.”
Since its debut, The Smarter Web Company’s stock has pumped by over 520%, rivaling Bitcoin’s 28% gains in Q2.
Commenting on the firm’s remarkable returns to shareholders, Bitcoin Magazine’s David Bailey sarcastically said,
“Was just told The Smarter Web Company IPO is the most successful IPO in UK history, dating back over the last 400 years.”
