From Web Company to Bitcoin Vault: Smarter Web Surges 27% Daily, Market Cap Breaches £400 Million

Smarter Web Company, a UK firm specializing in web design and digital marketing, has aggressively shifted towards a Bitcoin financial strategy since the beginning of this year, becoming one of the most closely watched "Bitcoin Vaults" on the Aquis Exchange.

The company announced that it purchased an additional 74.27 $BTC at an average price of $109,256, with a total expenditure of nearly £6 million, increasing its holdings to 242.34 BTC. As of the latest update, it has allocated approximately £19.1 million to Bitcoin assets. This move caused its share price to surge by about 25 to 27% on the day, pushing its market capitalization to between £400–429 million, making it the largest stock by market value on Aquis.

Financial Times pointed out that investors are buying without any risk awareness, spending over £20 to acquire £1 worth of equity in physical Bitcoin, leading to a skyrocketing Smarter Web P/E ratio. However, this Bitcoin vault strategy has auditing issues, relies heavily on the judgment of a single accountant, and has opaque verification of public and private wallets, along with overall weak regulation.
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