The Smarter Net Firm started buying and selling on the Fundamental Market of the London Inventory Change right now, marking a significant milestone for the UK-based agency because it continues to place itself as Britain’s largest publicly listed bitcoin holder.
The corporate’s shares debuted below the ticker SWC at 43p. The uplisting follows the corporate’s preliminary public providing on the Aquis Change in April 2025, the place it went on to grow to be the UK’s best-performing fairness that yr.
Based in 2009 by chief government Andrew Webley, The Smarter Net Firm started as an online design company targeted on constructing bespoke, mobile-friendly web sites for small and medium-sized companies.
In 2025, the agency pivoted towards a bitcoin treasury technique, deploying capital into bitcoin as what it describes as “digital capital” on its stability sheet.
At this time, The Smarter Net Firm holds 2,674 bitcoin, making it the most important UK public firm by bitcoin holdings and the twenty ninth largest globally amongst public companies.
In keeping with The Smarter Net Firm, roughly £221 million of investor capital has been used to accumulate bitcoin at a mean value of simply over $111,000 per coin.
Bitcoin was buying and selling close to $77,000 on Tuesday, down considerably from its peak above $120,000 final yr.
Talking on the London Inventory Change opening ceremony, Webley stated the Fundamental Market itemizing represents the subsequent stage in constructing a long-term British public firm aligned with Bitcoin. “Shifting to the Fundamental Market of the London Inventory Change marks the subsequent important milestone in that journey,” Webley stated. “I’m dedicated to constructing a British success story that contributes to the UK economic system and demonstrates how bitcoin can be utilized as digital capital.”
Webley additionally reiterated his ambition for the corporate to enter the FTSE 250, doubtlessly as early because the third quarterly rebalance of 2026, with longer-term aspirations to ultimately attain the FTSE 100.
The UK’s model of Technique
The Smarter Net Firm’s technique has drawn comparisons to U.S.-based agency Technique, which pioneered the company bitcoin treasury mannequin.
Whereas a rising variety of corporations have since adopted related approaches, Webley has argued that volatility is an inherent function of the technique somewhat than a flaw.
Regardless of its latest decline from a peak market capitalization of over £1 billion, Webley just lately stated the corporate plans to proceed accumulating bitcoin no matter value. The agency spent about £220 million accumulating their bitcoin, whereas its shares have plunged about 95%.
Webley argues the technique is long-term, noting the corporate has elevated its bitcoin holdings per share regardless of the downturn and plans to hunt extra institutional funding with a transfer to the London Inventory Change’s fundamental market.
