UK𝚌̶𝚛̶𝚢̶𝚙̶𝚝̶𝚘̶BTC

Being the CEO of a public company means managing multiple priorities at once; balancing short-term execution while continuing to build and deliver on our long-term strategy. Much of the work that ultimately results in an announcement has often been underway for weeks, or even months behind the scenes. What the market eventually sees as a single update is typically the outcome of many moving parts coming together - planning, structuring, discussions and coordination across the team. In an environment where markets and sentiment can shift quickly, an important part of leadership is learning to block out some of that short-term noise and remain focused on the fundamentals of the business and the strategy we are executing. Our approach remains disciplined and consistent: continuing to build the company while aiming to increase long-term Bitcoin per share for shareholders which I feel we have done this week. Firstly, a few thoughts on the markets. It has been encouraging to see Bitcoin trade modestly higher over the past week despite the ongoing geopolitical tension and macro uncertainty. At the time of writing, it sits around $71,000, compared with roughly $68,000 when I wrote my previous weekly update. In the very short term, $70,000 is a level I have been watching closely. If Bitcoin can hold this level with conviction, it could act as a stepping stone toward higher levels although I recognise sentiment for many remains cautious. Focusing only on short-term price levels risks missing the bigger picture. When assessing a younger asset like Bitcoin, it is important to consider both its long-term value proposition within the broader environment in which it trades. The broader macro backdrop this week has been far from quiet. Conflict in the Middle East continues to dominate headlines, contributing to heightened uncertainty in global markets. At the same time, oil prices have been notably volatile, reflecting the market’s sensitivity to geopolitical developments and potential supply disruptions. Meanwhile, the Nasdaq index - often compared to Bitcoin and sometimes described as a less volatile proxy for technology equities - ended the week slightly down. While Bitcoin can at times appear correlated with risk assets, I continue to believe that over the long term it will increasingly differentiate itself from other traditional markets. Overall, Bitcoin is becoming less correlated with other assets, even though short-term correlations will always appear from time to time. Moving on to this week’s developments at The Smarter Web Company. On Monday, we announced an update to our ATM facility, which continues to provide us with flexibility as we execute our strategy. Maintaining access to efficient capital markets tools remains an important part of how we operate, particularly as we continue to grow the company and expand our Bitcoin treasury. We raised £62,793 (before expenses), equivalent to approximately £0.37 per share. On Tuesday, we announced another Bitcoin purchase. It was a relatively small addition, but every Bitcoin matters. Our strategy is consistent and disciplined - continuing to accumulate Bitcoin over time while maintaining strong operational foundations within the business. I also did a livestream with @Croesus_BTC where we discussed a variety of different topics. On Thursday, we launched a voluntary purchase offer for our pre-IPO warrants. These warrants have been a topic of discussion among since our listing and something that the team has been evaluating for some time. It is worth remembering that when we took The Smarter Web Company public, very few people believed this model would work in the UK. To successfully complete the pre-IPO fundraising, we offered those early investors warrants as an incentive for backing the vision at a time when there was considerable scepticism. Today, it is clear that the model does work. With our shares currently trading at 0.83 mNAV, and investors accepting a discount to the current share price in exchange for immediate proceeds, the voluntary warrant purchase offer provides the Company an opportunity to reduce the number of fully diluted shares at an attractive rate. This in turn improves our key metrics for the quarter, helps clean our capital structure while also helping to mitigate potential equity overhang. There was a significant amount of work behind the scenes to make this possible, with multiple moving parts needing to align. Periods of more challenging sector sentiment require us to think creatively about how we can continue increasing long-term Bitcoin per share within the regulatory framework we operate in and our current size. I believe this initiative is a good example of that approach, and I want to thank everyone involved for moving quickly and efficiently to make it happen. We will announce the results on Monday via a regulatory announcement, and I look forward to sharing the outcome with you then. As I mentioned at the start, our focus remains on building long-term value, even if some of the work that contributes to that value only becomes visible once it is ready to be announced. I am pleased with how well the team continues to navigate this dynamic environment - progressing multiple initiatives across the business while maintaining a strong operational foundation. As we continue to grow, I am confident in the team we have built and moving forward in our ability to attract world class talent to support the next phase of the company’s development. The last few months have not been easy for our community, but they are a valued part of our team. When we are working hard to deliver value it is pleasing to see many comments from the community that also share our vision. Shout out to: @andysmith_asap @johnsthor1 @JohnCoo70815409 @80IQConviction @HenryBTCchef @doublediamond65 @Toffeebdm @matthewkerridge @Michaeljdobbin @Boutiquecapital @mattoshi21 @TuftyRaul @BitcoinPlebUK @Morpheus_DX @BitcoinCartoon_ @bitcoin_philos @jay_dee_ex @CloughsStuff @InvestorSmarter @DrBitcoinM50862 @the_desert_ape @PlutusSaysHodl @jorddd_ @ZynxBTC @wildgoosejon @SmarterBuildBTC @ourgoodlifeuk @AFCB12 @Britcoiner62 @SophieSatoshi @levyuk @butler_np @Raj_Devsi @Frank54703905 @SmarterBuildBTC @DivBy21 @BitcoinBee21 and @smarter_dash. Looking ahead to next week, I will be spending several days in London, with @Croesus_BTC, for some important meetings. I hope to be able to share more with you, on some of these discussions, in the near future. We are also looking forward to doing a podcast with someone that we have not recorded with before - more of that soon. It is also now around one week until our inclusion in the FTSE indices, which is a milestone that still feels somewhat surreal. When we first set out on this journey, reaching this point was certainly an ambition, but to now be so close to it becoming reality is incredibly exciting. It will be interesting to see what impact this has on our stock over time as index inclusion often brings increased visibility and, in some cases, new institutional participation. Adjacent to this, I have also been encouraged by our overall volumes which continue to improve. We also have our AGM taking place on Thursday. If you have not yet voted, please do take a moment to do so. Shareholder participation is an important part of the governance of the company, and we appreciate the continued engagement and support from our investors. It is now just over two months until we host the first dedicated Bitcoin treasuries unconference UK. I am very pleased with the line-up we have assembled. We will have representation from many of the leading Bitcoin treasury companies in the UK, alongside several excellent international speakers who are helping shape the global conversation around Bitcoin on corporate balance sheets. The event is also being supported by a number of sponsoring companies, whose backing we are very grateful for. Bringing together businesses, investors and industry leaders in this space is something we are excited about, and we look forward to welcoming everyone to what should be a very interesting and important event for the UK Bitcoin ecosystem. I hope to release the agenda for the Bitcoin treasuries unconference UK in the next week and please do not forget that you can buy tickets for the event by visiting our website. To conclude; The Smarter Web Company was listed in the UK as I could not find a UK company following this strategy. It is a business that I am immensely proud to manage and one that is run, to the best of my ability, for the benefit of all shareholders. I appreciate your support and I am very much looking forward to both the week ahead and the future beyond that. Thank you. LSE: #SWC | OTCQB: $TSWCF | FRA: $3M8

Help needed. We have been speaking with our various different advisers and also some of the large retail brokers behind the scenes as there has been some confusion if stamp duty should be paid when buying #SWC shares. Our understanding is that stamp duty is not paid for 3 years from our LSE listing. Looking at the HL website and seeing comments from others online about AJ Bell (the two largest retail brokers) it looks like stamp duty is now not being applied. If true then this is positive and the way we believe stamp should be treated for a newly listed company on LSE. Can I ask for some help from anyone with a HL or AJ Bell account to do a test purchase this morning so that we have clarity that the two largest brokers are not charging stamp duty and then that should mean that we have a definitive answer and any brokers then with the stamp duty being applied can be pointed towards these examples. Please note that this was a change in the recent budget and I believe we are the first UK stock to then not have stamp on a Main Market listing so the stamp issue is not wholly unexpected. Thanks.

We listed The Smarter Web Company on Aquis on 25 April 2025, and this week marked our final full week of trading on that exchange. On Tuesday 3 February 2026 - just over nine months after our IPO - we will move to the Main Market of the London Stock Exchange. This is a pivotal milestone for the Company and for our shareholders. Since July 2025, the market for Bitcoin treasury companies has been challenging. Following an initial period of significant appreciation, our share price has declined amid a global compression of mNAVs (in conjunction with a decline in general Bitcoin sentiment). Despite this backdrop, we have continued to execute. Bitcoin per share has increased by over 50%, and our total Bitcoin holdings have almost doubled in this period. We believe Bitcoin treasury companies experience cyclical waves: during favourable periods, it is critical to capture opportunities for shareholders; during more difficult periods, the priority is to preserve flexibility and retain optionality while continuing to grow. The final months of 2025 were fundamentally about structure. In that context, I believe our transition from Aquis to the London Stock Exchange will, in time, be seen as a defining step - one that brings us closer to the Company we are building and the scale we aspire to achieve. The London Stock Exchange provides access to materially broader sources of capital, both passive and active. Passive capital is driven by index inclusion, and we believe we are well positioned to join the relevant indices in the near term, with a clear pathway to the FTSE 250 over time. Active capital comes from fund managers who choose to support what we are building. For many of these investors, structural and mandate constraints make investment difficult - or impossible - without a London Stock Exchange listing. Our move to the Main Market therefore materially expands the universe of capital able to invest in the Company. I am very much looking forward to Tuesday, when we will open the London Stock Exchange for the day’s trading and see The Smarter Web Company begin trading on one of the most respected equity markets in the world. On Monday this week we announced an update on our ATM-style facility, through which we raised £520,037 (before expenses). As I have noted previously, an ATM-style facility is a critical component of an effective Bitcoin treasury toolkit and one that is unmatched in terms of scalability. When we look at the world’s largest companies that have successfully executed this strategy, such growth would not have been possible without access to this type of facility. On Tuesday we contacted shareholders who entered our raffle to attend the market opening ceremony next week - it promises to be a very special moment in the Company’s history. I wanted to involve as many shareholders as possible and regret that, due to limited capacity, we were unable to invite everyone. We will, however, share photographs from the event afterwards so all shareholders can take part in the occasion. On Wednesday we held our General Meeting, at which shareholders voted to approve the cancellation of shares from trading on Aquis. The resolution received overwhelming support, with approximately 99.5% of votes cast in favour and a strong level of overall shareholder participation. I am grateful for this clear show of support. A public company ultimately belongs to its shareholders, and active participation in voting on resolutions is vital to good governance. I hope future meetings will see similarly strong levels of engagement. Throughout the week I have spent a considerable amount of time - often late into the evening - holding online meetings with institutional investors keen to understand our recent progress and future plans. I have been particularly struck by the level of interest, especially given the current price pressure in Bitcoin. I am seeing a growing number of institutional investors take a more confident view of Bitcoin’s long-term future, while at the same time recognising that short-term volatility presents opportunity rather than risk. For many, volatility is no longer feared. Next week includes further meetings, many of them in person, and from my perspective the outlook is extremely encouraging. It has prompted me to reflect on the early days of our journey as a public company and the contrast with the depth of engagement we now see from institutional investors. Moving onto our amazing community. I never thought that we would have so many amazing tools developed by the community and the independent websites that have been created with these different tools are super impressive. As a developer myself I know the work that has been put into creating these and as I see them evolve it makes me feel very proud of what we are building together. Some of our community members are joining us for the opening of the London Stock Exchange and I hope that lots of photos will be shared so that those not with us can also share this special moment. Shout out to: @andysmith_asap @johnsthor1 @JohnCoo70815409 @80IQConviction @HenryBTCchef @doublediamond65 @Toffeebdm @matthewkerridge @Michaeljdobbin @Boutiquecapital @mattoshi21 @TuftyRaul @BitcoinPlebUK @Morpheus_DX @BitcoinCartoon_ @bitcoin_philos @jay_dee_ex @CloughsStuff @InvestorSmarter @DrBitcoinM50862 @the_desert_ape @jorddd_ @ZynxBTC @wildgoosejon @SmarterBuildBTC @ourgoodlifeuk @AFCB12 @levyuk @butler_np @Raj_Devsi @Frank54703905 @SmarterBuildBTC @DivBy21 @BitcoinBee21 and @smarter_dash. Next week will be busy. After the event at the London Stock Exchange, we are hosting an evening of drinks. We will email everyone who has expressed an interest in this on Sunday with the venue details. We have also decided to extend the time so it will now take place between 19:00 and 22:00. If you are there, I hope to be able to speak to you during the evening. I also have several days of in person meetings combined with progressing the various projects we are working on internally. At the end of the week, I am back to online meetings. As I said frequently last year, we cannot share everything as transparently as we would like, due to being a public company, but over the coming months, I hope to be able to share more. I am also trying to schedule my in-person conference events for the year, and this starts at the end of February with a presentation at Strategy World in Las Vegas. Other events have also been announced including MAD Bitcoin in Madrid and of course our own event on Friday 29 May 2026 where you can buy tickets by visiting the page on our website. The Smarter Web Company would not have achieved what it has in the short time that we have been a public company without your support and in my opinion, we have only laid the foundation. I believe that 2026 will be the year where we grow closer to what I hope we will become. Thank you for your support. AQUIS: #SWC | OTCQB: $TSWCF | FRA: $3M8