The Smarter Internet Firm started buying and selling on the Primary Market of the London Inventory Change as we speak, 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 offering on the Aquis Change in April 2025, the place it went on to turn into the UK’s best-performing fairness that yr.
Based in 2009 by chief government Andrew Webley, The Smarter Internet Firm started as an internet design company centered 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.
Immediately, The Smarter Internet Firm holds 2,674 bitcoin, making it the biggest UK public firm by bitcoin holdings and the twenty ninth largest globally amongst public companies.
In accordance with The Smarter Internet Firm, roughly £221 million of investor capital has been used to accumulate bitcoin at a mean worth of simply over $111,000 per coin.
Bitcoin was buying and selling near $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 Primary Market itemizing represents the following stage in constructing a long-term British public firm aligned with Bitcoin. “Transferring to the Primary Market of the London Inventory Change marks the following vital milestone in that journey,” Webley stated. “I’m dedicated to constructing a British success story that contributes to the UK financial system and demonstrates how bitcoin can be utilized as digital capital.”
Webley additionally reiterated his ambition for the corporate to enter the FTSE 250, probably 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 Internet Firm’s technique has drawn comparisons to U.S.-based firm Strategy, 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 characteristic of the technique somewhat than a flaw.
Regardless of its latest decline from a peak market capitalization of over £1 billion, Webley not too long ago stated the corporate plans to proceed accumulating bitcoin no matter worth. The agency spent about £220 million accumulating their bitcoin, whereas its shares have plunged about 95%.
Webley argues the strategy 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 predominant market.
