Bitcoin Purchase

In brief · summary, not quotable

The Smarter Web Company PLC has purchased an additional 44 Bitcoin for £2,511,585, bringing their total holdings to 2,750 Bitcoin with an average purchase price of £82,031 per Bitcoin. The company also utilized £2,500,000 of its Coinbase Strategic Credit Facility, increasing total drawings to £12,000,000, which represents an approximate leverage ratio of 8.1%. This facility is secured against existing Bitcoin holdings, carries a variable interest rate between 6.75% and 7.25%, and is repayable at the company's discretion. The company has achieved a Quarter-to-Date BTC Yield of 11.84% on its treasury.

Full announcement

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Amount Purchased: £2,511,585
Total Bitcoin Holdings: 2,750 Bitcoin
Total Average Purchase Price: £82,031 per Bitcoin ($110,758 per Bitcoin)
Total Amount Purchased: £225,586,047
The Company has achieved a Quarter-to-Date BTC Yield* of 11.84% on its treasury

* As defined below

Coinbase Strategic Credit Facility

The Company announces that the Board has elected to utilise a portion of its Strategic Credit Facility with Coinbase Credit, Inc, as originally announced on 24 February 2026, to fund limited additional Bitcoin purchases over time. The Company's Bitcoin Treasury Policy has been amended to reflect that the Strategic Credit Facility may be utilised to fund Bitcoin purchases.

The Company previously had £9,500,000 drawn down under this facility, used in connection with the voluntary warrant purchases announced on 12 March and 8 April 2026.

With a view to enhancing capital efficiency, the Board considers it appropriate to responsibly increase the Company's leverage ratio from approximately 6.4%, subject to ongoing review.

Following the Bitcoin purchase announced today, total drawings under the facility are £12,000,000, representing an approximate leverage ratio of 8.1%. The Company will provide updates on any material drawdowns or repayments in future regulatory announcements.

The terms of the facility with Coinbase remain unchanged. The loan is secured against the Company's existing Bitcoin holdings, carries a competitive variable interest rate of between 6.75% to 7.25%, and is repayable without additional charges at the Company's discretion.

Visit our website: https://www.smarterwebcompany.co.uk

The Smarter Web Company's Legal Entity Identifier (LEI) is 213800VQO9FUG4PZMP73.

The Directors of the Company accept responsibility for the contents of this announcement.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.