UK Bitcoin treasury firm explores competitor buyouts despite stock decline
The Smarter Web Company, the United Kingdom’s largest corporate Bitcoin holder, is weighing acquisitions of struggling competitors to expand its treasury. Despite recent stock price declines, CEO Andrew Webley reaffirmed ambitions for FTSE 100 inclusion, signaling confidence in long-term growth.
According to industry data, Smarter Web currently holds 2,470 BTC worth nearly $275 million, ranking as the world’s 25th largest corporate Bitcoin treasury. This position has strengthened its influence in the UK crypto sector, making it a key player in the growing competition among publicly traded Bitcoin treasuries.
The Smarter Web Company’s BTC holdings
Acquisition Strategy
Webley confirmed he would “certainly consider” purchasing competitors to acquire their Bitcoin reserves at discounted valuations. He noted that a company name change is inevitable, but emphasized the need to approach it strategically.
Alex Obchakevich, founder of Obchakevich Research, highlighted the challenges of such acquisitions:
“Buying the assets of bankrupt crypto companies often promises discounts, but the reality is actually much tougher. Initial markdowns of 60–70% shrink to around 20–50% after accounting for liabilities, court processes, and taxes.”
Despite Bitcoin gaining over 1% in the last 24 hours, Smarter Web’s stock fell 22% on Friday, sliding from $2.01 to $1.85. Over the past month, the company’s share price has dropped 35.5%, compared to Bitcoin’s 4% decline.
Analysts suggest the downturn also reflects changes in the UK market, where regulators recently approved crypto exchange-traded notes (cETNs) for retail investors. These products offer a regulated alternative to investing in corporate treasuries, pressuring firms like Smarter Web.
Competitive Environment
Experts believe the sector is entering a “player vs player” phase, where only strategically positioned firms will thrive. Josip Rupena, CEO of Milo, compared the risks of crypto treasuries to the collateralized debt obligations that fueled the 2008 financial crisis.
“People take a sound product, like Bitcoin, and engineer it in ways where investors are no longer sure about their exposure,” he said.
While Smarter Web Company’s stock struggles, its aggressive acquisition outlook underscores confidence in long-term Bitcoin adoption. Whether these moves can propel the company toward FTSE 100 status will depend on execution, investor sentiment, and the resilience of its treasury strategy.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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