Andrew Webley discusses Smarter Web's Bitcoin treasury growth to 1,275 BTC, market strategies, UK ambitions, and future plans amid Bitcoin's surge to $123,000.
Timestamped Overview
[00:00:00 - 00:05:00] Bitcoin Market Update and Company Progress
- Bitcoin recently reached $123,000 but dropped slightly to around $117,000, showing normal ups and downs in its value.
- Smarter Web now holds 1,275 Bitcoin, worth a lot of money, putting them in the top 25 companies worldwide for Bitcoin ownership.
- The company is only two months old as a public business, meaning anyone can buy shares in it.
- They raise money carefully and turn it into Bitcoin, which has worked well so far.
- Behind the scenes, exciting things are happening that can’t be shared yet, but the CEO feels the company is on the right path.
[00:05:00 - 00:10:00] Strategy on Cash, Acquisitions, and Long-Term Goals
- Some people question keeping cash instead of all in Bitcoin, but the company sees it as a balanced way to run the business smoothly.
- Smarter Web aims to become the UK’s largest company by growing Bitcoin holdings and buying other businesses.
- In the future, they could act like a modern bank with a strong Bitcoin-backed balance sheet, offering more services.
- The CEO compares it to historical big businesses that grew during unique times, like in New York 100 years ago.
- They plan to stay flexible, combining web design work, Bitcoin buying, and smart purchases.
[00:10:00 - 00:15:00] Preferred Shares and UK Regulations
- Inspired by other companies, Smarter Web may offer special investment products like “preferred shares” soon, once they’re bigger.
- These are like loans that can turn into ownership, helping raise money without too much risk.
- No major UK rules block this; it’s similar to US options, just named differently sometimes.
- The company is a leader in the UK for Bitcoin exposure, as it’s hard for locals to invest directly in Bitcoin.
- They use tools like an “ATM facility” to sell shares easily when the market is good, boosting growth.
[00:15:00 - 00:25:00] Community Engagement and Investor Sentiment
- Being active on social media helps build trust and excitement among investors.
- The CEO started the company himself and invests his own money, showing real belief in it.
- Unlike some quiet companies, they embrace fun memes and direct communication to keep people involved.
- Past investing wins and losses taught the CEO to focus on long-term success.
- Community feedback is valued, and the company aims to educate people on Bitcoin’s value simply.
[00:25:00 - 00:36:00] Market Risks, Price Predictions, and Closing Thoughts
- Some other companies might be in it for quick money, which could cause problems, but Smarter Web focuses on its own steady plan.
- Bitcoin hitting $123,000 shows growing interest, and buying it has gotten harder lately due to demand.
- The CEO predicts Bitcoin could exceed $150,000 by year-end, and millions long-term, but avoids exact guesses.
- Thanks to the supportive community, now over 3,500 strong on X (formerly Twitter).
- The company will keep improving and welcomes all input for shared success.
Notable Quotes
Bitcoin Treasury Growth
We've got to 1275 Bitcoin held. So that's quite pleasing... that would probably put us in the top 25 of global companies.
Andrew Webley @asjwebley
Long-Term Vision
If you're an incredibly well capitalized business with an incredibly strong balance sheet, I think you by default you become the equivalent of a bank of the future.
Andrew Webley @asjwebley
UK Ambitions
Everyone laughed at me at the start when I said that I want my business to be in the FTSE 100 and they're not laughing now.
Andrew Webley @asjwebley
Preferred Products
I don't think it'll be long, relatively speaking, until you see smarter preferred products.
Andrew Webley @asjwebley
Community Importance
Bitcoin, the Bitcoin treasury companies, these aren't adversarial plays, these are cooperative plays.
Adrian Morris @Adrian_R_Morris
Personal Investment
I listed my business on the stock market in the UK because I wanted a business that I could invest in myself.
Andrew Webley @asjwebley
Price Outlook
I'll be massively surprised if by the end of the year it's not considerably higher.
Andrew Webley @asjwebley