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Smarter Web Company PLC ( (GB:SWC) ) has provided an announcement.
The Smarter Web Company PLC has secured a $30 million strategic credit facility from Coinbase Credit, Inc., secured against its Bitcoin holdings and carrying interest only on drawn amounts with no fixed maturity date. The facility is designed to let the company deploy capital into Bitcoin immediately after new equity raises, reducing settlement-related timing risk during volatile markets and supporting its Bitcoin-focused treasury strategy.
By improving the speed and flexibility with which it can increase Bitcoin exposure, the arrangement strengthens the firm’s ability to execute its fundraising and investment plans without taking on long-term debt for Bitcoin purchases. The move underscores the company’s positioning as an early corporate adopter of a Bitcoin treasury policy, while also highlighting the material exposure and risk profile this strategy entails for investors in a largely unregulated and volatile asset class.
More about Smarter Web Company PLC
The Smarter Web Company PLC is a UK-based provider of web design, web development and online marketing services, generating revenue through initial project fees, annual hosting charges and optional monthly marketing retainers. The company seeks growth both organically and via acquisitions that expand its client base and recurring revenue, and it has integrated Bitcoin into its strategy by accepting it as payment and holding it as a treasury reserve asset.
Average Trading Volume: 1,357,812
Current Market Cap: £122.4M
See more data about SWC stock on TipRanks’ Stock Analysis page.