Merty

@DavidInglesTV Correct

Honestly don’t get the Mbappe vs R9 debate. Mbappe is scary good and likely wins the longevity bit, but R9 was at a completely different level. Peak R9 was even better than peak Messi

@harrystabbings Lol

NEW: Government announces a national VPN service, available to all citizens through their Digital ID. “Online privacy is a fundamental right, which is why it must be centrally verified, monitored and reviewed by the State” a department spokesperson said.

@Raion74_ 🤣🤣🤣

How Americans are gonna talk about De Ketelaere after this match

@moizali I couldn’t disagree with you more. I have it and its fantastic. Unless you are a gamer its more than enough.

I have the iPhone Air, and have never seen anyone else in the wild with one. I can say without a doubt, it is the worst experience I've had with an Apple product in the past 5 years. - It's slow. - It's buggy. - Software doesn't work on it the way it does on other iPhones. - The battery is much worse than you expect, and my expectations were low. - The camera is much worse than you expect, and my expectations were low.

@AlfieLong4 Great recon work Alf #thelongwayhome

@ourgoodlifeuk Good news for prefs 😉

🙄🤦‍♂️

@MEWrestlingUK Sensational

You people know who I am, but you don't know why I'm here ....

@smarterwebuk @TimKotzman Lets go

RNS Announcement: Subscription Agreement Update - £0.3m Proceeds The Smarter Web Company announces that 1,067,000 Ordinary Shares have been placed in accordance with the terms of the Subscription Agreement announced on 24 December 2025. Please read the RNS on our website (link in comments). LSE: #SWC | OTCQB: $TSWCF | FRA: $3M8

@David_Ornstein @TheAthleticFC Lol

🚨 EXCL: Brighton & Hove Albion make £30m offer to sign Luka Vuskovic from Tottenham Hotspur. 19yo #THFC talent among Europe’s most coveted players but Croatia defender favours #BHAFC as best step for development + mutual trust with Hurzeler @TheAthleticFC nytimes.com/athletic/73473…

@shahh Go outside, touch grass. Come back Q4 next year.

For people who have survived multiple bear markets What’s the #1 piece of advice you’d give to someone right now?

@andysmith_asap We were here back in June/July 2025, we are still here now and we will absolutely be here in the next few years when we are in valhalla

Its been a rough couple of weeks with Bitcoin and The Smarter Web Company share price; however, mNAV has got above par when other treasury companies have seem a compression in mNAV over the same period, which i think is not an accident after Monday's Proposed Capital Reduction announcement to issue the first preferred perpetual equity in the UK. LSE: #SWC | OTCQB: $TSWCF | FRA: $3M8

@0xbenharvey @smarterwebuk Great read - thank you

This is great news for @smarterwebuk and UK Bitcoin treasury companies at large. In case anyone wasn't aware, UK Plcs can't pay dividends without "distributable profits", and a treasury company holding BTC doesn't have distributable profits from BTC appreciation under IFRS, given only realised gains count (and a buy-and-hold treasury typically doesn't realise). This places a structural limitation on UK Bitcoin treasury companies trying to replicate Strategy's STRC playbook. However, SWC just found a way around this. They've been issuing equity since LSE main market listing above par value (not market value, accounting par value of the shares, likely <0.1p), which is currently locked from distribution under UK law as "capital". They've raised £213m of share premium to-date. They're now looking to cancel all £210m of share premium, which really just means pay off a few losses, and then shift the remaining capital around. That cancellation first absorbs SWC's £77.5m of accumulated losses, which are mostly the IFRS impairment hit on Bitcoin's recent drawdown (£70.8m), plus £3.2m of Smarter Convert fair value accounting and £2.7m of admin and Main Market listing costs. The remaining £132.5m drops into distributable reserves, available to back any dividend-bearing instrument the board chooses to issue... cough cough Smarter Digital Credit! Imo this vote should be a resounding yes, given that in one transaction, SWC would clear the impairment overhang and arm the balance sheet for prefs. The specific RNS phrase that stands out to me is: "an alternative equity line which has attached to it a right to receive dividends, or buy-backs of the Company's share capital." Looks like the General Meeting would be 17th June, with court directions and confirmation 3rd-14th July, and if successful a target effective date of 15th July. Having been working on this the past few hours, I believe the first issuance window would be Q3-Q4 2026, if successful. My research shows typically prefs require 5-7 years of dividend coverage, so size estimates from this initial issuance (SWC would keep replenishing their share premium pot on an ongoing basis for future issuances), are as follows, pre collateralisation considerations: - STRC coupon (11.5%): Supports roughly £165-230m of issuance with 5-7 years of dividend coverage - SATA coupon (13%): Supports roughly £145-205m of issuance with 5-7 years of dividend coverage Of course, Strategy's preferred stack is 5x overcollateralised, and STRC alone is 7x overcollateralised. It's therefore reasonable to imply the Smarter Digital Credit would be ~5x overcollateralised, and given SWC currently holds £152.3m of BTC, this places a ceiling and realistic first issuance size of £25-40m. This has the potential to be the beginning of the biggest structural move in European Bitcoin treasuries to-date. Congrats to @asjwebley @the_desert_ape @Croesus_BTC and the rest of the team.

@asjwebley @ZynxBTC

@ZynxBTC No comment. But Q4? That's a long time to wait IMO.

Well it looks like the UK could be the first country to replicate the Saylor perpetual preferred model outside of the US. Smarter Web have just proposed a capital reduction, which is a balance sheet restructuring process that converts the locked share premium into distributable reserves. This is the first definitive step to issuing a preferred in the UK. "Such corporate actions could include the issuance of an alternative equity line which has attached to it a right to receive dividends" It still needs court approval and an IPO of course so not expecting anything until Q4 at the earliest but the path is now clear. Bitcoin-backed products are going to eat fixed-income markets all around the world.

@smarterwebuk LFG

RNS Announcement: Proposed Capital Reduction and Notice of General Meeting Please read the RNS on our website (link in comments). LSE: #SWC | OTCQB: $TSWCF | FRA: $3M8

@TheHateCentral 😂😂😂😂

@DxBruyneSZN Inject it!

GABRIEL MISSES THE PENALTY TO LOSE ARSENAL THE CHAMPIONS LEAGUE FINAL COULD NOT HAVE HAPPENED TO A BETTER PERSONNNNNNN

@smarterwebuk @SWC_Wiki Lets gooooo!

RNS Announcement: Bitcoin Purchase The Smarter Web Company announces the purchase of additional Bitcoin as part of "The 10 Year Plan" which includes an ongoing treasury policy of acquiring Bitcoin. Please read the RNS on our website (link in comments). LSE: #SWC | OTCQB: $TSWCF | FRA: $3M8

Anthropic’s new valuation after Andrej Karpathy joined the AI startup as an IC

@saylor @TimKotzman Fack

Strategy has acquired 24,869 BTC for ~$2.01 billion at ~$80,985 per bitcoin and has achieved BTC Yield of 12.6% YTD 2026. As of 5/17/2026, we hodl 843,738 $BTC acquired for ~$63.87 billion at ~$75,700 per bitcoin. $MSTR $STRC strategy.com/press/strategy…

I don't know who needs to hear this. You can like Strategy and Bitcoin You can root for Metaplanet and Strive at the same time You can appreciate what Capital B, Smarter Web and H100 are building in Europe You can be equally bullish on Méliuz and Oranje in Brazil You can be excited about BSTR and XXI entering the market This isn't sports. Your team doesn't need to lose for my team to win These companies serve different markets, draw from different capital pools, operate under different leaders, and take different approaches That's the point If you believe in what Bitcoin treasury companies are doing, there's room for more than your favorite at the table