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Smarter Web Co PLC - Bristol, England-based web design agency and bitcoin investor - Raises £17.5 million from the sale of 5.9 million new shares at £2.95 each. Smarter Web had announced the equity offer after the London market close on Thursday, saying it was aiming to raise at least £15 million. The sale is conducted as an accelerated bookbuild to institutional investors by Tennyson Securities and Peterhouse Capital Ltd. Smarter Web now has 265.6 million shares in issue, giving it a market capitalisation of £783.5 million at the offer price. On Wednesday, Smarter Web said it had invested a total of £127.3 million into bitcoin since adopting its bitcoin treasury policy and had £4 million remaining to invest into bitcoin at the time. Current stock price: 265.00 pence on Aquis Stock Exchange early Friday 12-month change: up from 4.50p in April Copyright 2025 Alliance News Ltd. All Rights Reserved.
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