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Bitcoin Purchase and Subscription Agreement Update

In brief · summary, not quotable

The Smarter Web Company PLC has purchased an additional 27 Bitcoin for £1,533,569 at an average price of £56,799 per Bitcoin, bringing their total holdings to 2,805 Bitcoin with an average purchase price of £81,544 per Bitcoin. The company also announced that total drawings under its Coinbase strategic credit facility are £15,000,000, representing a leverage ratio of approximately 10.15%. Furthermore, 310,000 Ordinary Shares were placed under a subscription agreement, raising gross proceeds of £117,900. The company achieved a Quarter-to-Date BTC Yield of 13.98% on its treasury.

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  • Amount Purchased: £1,533,569
  • Total Bitcoin Holdings: 2,805 Bitcoin
  • Total Average Purchase Price: £81,544 per Bitcoin ($110,672 per Bitcoin)
  • Total Amount Purchased: £228,732,074
  • The Company has achieved a Quarter-to-Date BTC Yield* of 13.98% on its treasury

* As defined below

Coinbase Strategic Credit Facility

Following the Bitcoin purchase announced today, total drawings under the facility are £15,000,000, representing an approximate leverage ratio of 10.15%. The Company will continue to 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.

Subscription Agreement Update - £0.1m Gross Proceeds

The Company also announces that 310,000 Ordinary Shares have been placed in accordance with the terms of the Subscription Agreement announced on 24 December 2025 (the "Subscription Shares").

The gross proceeds from the placing of the Subscription Shares will be £117,900 (before expenses), equivalent to approximately £0.38 per share, and the Company will receive approximately 98.25% of the proceeds as settlement. The balance of Ordinary Shares not yet placed pursuant to the Subscription Agreement is 52,067,540.

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

Follow us on X: https://x.com/smarterwebuk

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.

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