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London tech firm adds 20 BTC, raising total Bitcoin holdings to 2,850 BTC via £10M IPO.

Protocol Fundamentals
23 Oct 2026
Tokenpost
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Bullish
London tech firm adds 20 BTC, raising total Bitcoin holdings to 2,850 BTC via £10M IPO.

The Smarter Web Company, a London-listed technology firm, has increased its Bitcoin holdings by 20 BTC, bringing its total to 2,850 BTC. This move is part of the company's treasury strategy, supported by a recent £10 million perpetual preferred-share IPO. The company expects net proceeds of £8.35 million, allocating £4 million for Bitcoin purchases, nearly £3.85 million for working capital and dividend reserves, and £500,000 for operating expenses. This strategy underscores the firm's commitment to expanding its digital asset portfolio while maintaining operational funding.

The Smarter Web Company's Bitcoin holdings update provides context for digital asset interest. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 24, 2026 04:02 WIB: 39 of 50 major cryptocurrencies rose while 10 fell. Notable price changes include COTI up 3.68% at Rp203, SAND down 3.34% at Rp934, and YFI up 2.84% at Rp39,776,295.

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