Smarter Web secures $30M Bitcoin-backed Coinbase facility to accelerate post-fundraise acquisitions
The British-traded Bitcoin treasury firm states the credit arrangement will close the gap during equity settlement periods, allowing quicker Bitcoin acquisitions when markets experience high volatility.
The Smarter Web Company, a Bitcoin treasury firm with a listing in the United Kingdom, has obtained a $30 million credit facility backed by Bitcoin from Coinbase Credit. Bitcoin held in custody at Coinbase serves as collateral for the facility.
On Tuesday, the firm announced that the facility's purpose is to enable immediate capital deployment into Bitcoin (BTC) following equity raises, minimizing settlement timing exposure during periods of market volatility. According to Smarter Web, the facility will not serve as long-term debt for financing Bitcoin acquisitions.
The company maintains a listing on the Main Market of the London Stock Exchange while also having trading access on the United States' OTCQB Venture Market. Smarter Web characterizes Bitcoin as a fundamental element of its treasury approach and has stated in the past that it seeks to grow its holdings of digital assets.
This development occurs as digital asset treasuries (DATs) experienced billions in net capital inflows spanning late 2025 into January 2026, followed by a slowdown during February.
According to DefiLlama's data, DAT inflows hit $4 billion during December and $3.7 billion throughout January, before registering only $363 million as of Feb. 24.
Despite inflows maintaining positive territory in early 2026, the February figures are trending significantly beneath the peaks observed in late 2025.
Smarter Web's Bitcoin treasury holdings
Based on information from BitcoinTreasuries.net, Smarter Web currently holds 2,689 Bitcoin, with an average purchase price of $112,865 per coin.
Using current market prices, the firm's Bitcoin holdings carry an approximate valuation of $170 million, showing an unrealized loss of roughly 44% when measured against the stated cost basis.
As of Sept. 12, 2025, Smarter Web disclosed ownership of 2,470 BTC and characterized itself as the largest corporate Bitcoin holder in the UK during that period.
Additionally, the firm expressed interest in purchasing competitors as a means to expand its treasury position and stated its ambition to achieve inclusion in the FTSE 100 index.
Current tracker information indicates the firm has continued acquiring Bitcoin since that time.
The new facility from Smarter Web enables the company to secure loans against its current Bitcoin position for faster capital deployment after equity raises, with repayment occurring once the fundraising proceeds have settled.
Diverging corporate Bitcoin strategies
The actions taken by Smarter Web emerge amid varied corporate approaches to Bitcoin exposure management.
Strategy announced on Monday that it had added 592 BTC to its holdings, pushing total ownership to 717,722 BTC and representing its 100th BTC purchase since 2020.
In contrast, Bitdeer disclosed on Saturday that it had sold off its complete Bitcoin treasury, bringing corporate holdings down to zero while generating capital via a convertible debt offering.