Lee J

@smarterwebuk @the_desert_ape has certainly hit the ground running - slotted in perfectly.

SWC Livestream - Warrant Repurchase x.com/i/broadcasts/1…

@Croesus_BTC @asjwebley @the_desert_ape @smarterwebuk Some comments about the Albert situation please. Was it expected/unexpected and what are the implications. Many thanks

Smarter Web livestream Tuesday (24 March) at 2pm UK with @asjwebley and @the_desert_ape to discuss: - AGM debrief - Jamie joining as Head of Capital Markets - all things @smarterwebuk Livestream will be on X & YouTube. What questions should we cover?

@asjwebley @smarterwebuk What a week it has been! Was great to meet you, Jesse and part of the wider SWC team, as well as many amazing members of the SWC community on Tue evening! Onwards and upwards.

This week marked an important milestone for The Smarter Web Company. One Tuesday our shares started trading on the Main Market of the London Stock Exchange. Structurally, this is a significant step forward for the business. It reflects the scale we have reached, the ambition we hold, and our intent to operate at the highest standards of governance, transparency and institutional credibility. A London Stock Exchange listing is part of our structural strategy - one that positions The Smarter Web Company for its next phase of growth and broadens our relevance to a wider, global capital base. Alongside this pivotal milestone, there is of course another story to tell. This was a week with two very distinct sides, and it reinforced the reality that we are not following a conventional path. In my view, Bitcoin is the best asset the world has ever seen. One of the core properties that has driven the growth and value of the network to date - volatility - is also the aspect that many find most challenging. When digital capital sits on a corporate balance sheet, that volatility can be amplified, and of course reflected directly in a company’s share price. This is not always comfortable, particularly during periods of heightened market movement. At moments like this, it is important to zoom out and return to the basics. The Smarter Web Company has been structured deliberately around these characteristics. Our strategy is not designed to minimise volatility in the short term, but to harness the long-term qualities that have historically defined Bitcoin as the best-performing asset class since its inception. I have absolute conviction in Bitcoin and in its role within our treasury strategy. I intend to continue acquiring Bitcoin forever, regardless of the price. At the same time, I recognise that this level of volatility is not easy for all shareholders, and I respect that it can be challenging, particularly over shorter time horizons. Encouragingly, many of our shareholders understand the strategy, the trade-offs involved, and the opportunity that comes with maintaining conviction through periods like this. We remain laser focused, disciplined and long-term in our approach. Whilst it may be hard for some to hear I would like to remind everyone that volatility is not a flaw. Before covering some of the areas for this week it’s important to acknowledge that this was one of the most volatile weeks in a long time, not just for Bitcoin but for the broader market. Bitcoin recorded its largest single-day drop since the FTX collapse and, at one point, was down more than 50% from its October highs pushing it into the third most oversold level in its history. At the same time, there were notable moves across other asset classes, with clear signs of broad de-risking and forced unwinds - silver, tech stocks, and former winners all coming under pressure. This view was reinforced by discussions with several professional funds throughout the week. It’s easy to get caught in a “Bitcoin-only” bubble, which is why I consistently evaluate Bitcoin’s price action in the context of broader cross-asset behaviour. On Monday we started the week by announcing an update to our ATM style subscription facility. In the preceding week we raised £0.1 million gross proceeds and as a reminder we update the market every Monday where shares have been sold in the preceding week. I travelled to London in the afternoon and we had a team meal allowing us to bring everyone together which I enjoyed immensely. On Tuesday we joined shareholders, advisers and some special guests to open the day’s trading at the London Stock Exchange for our admission day. We also held a shareholder drinks reception, in the evening, and to have the opportunity to informally chat to many of our shareholders was one of the weeks highlights. To see a company that you founded list on the Main Market of London Stock Exchange is quite surreal and it was special. For me, personally, the reality is that it has not really sunk in, but I am sure that in the weeks the follow it will. I am very pleased to have delivered this milestone to our shareholders. On Tuesday, Wednesday and Thursday we had back-to-back days with a planned programme of meetings, moving across London and engaging with a wide range of institutional market participants as we continue to build relationships with those interested in our strategy. There was a lot of constructive dialogue regarding the sector and they do seem very interested in the opportunity that we offer. The quality of these discussions was impressive, both in terms of engagement with what The Smarter Web Company has already achieved and also alignment with the long-term vision for the path ahead. The significance of a London Stock Exchange listing featured consistently in these conversations and strongly reinforced my own opinions around its structural importance. In between the scheduled meetings @Croesus_BTC and I also managed to catch up with @richonmacro from IG Index and you can see the interviews on my timeline. Rich has been interested in our company since the start, and it is always a pleasure to chat with him. On Thursday evening I returned to Bristol, where I live, and continued the work from my desk for Friday. We have several projects that are progressing well and it is important to try and advance the business every week. During the week we received some mainstream media coverage, including Bloomberg, The Telegraph and The Daily Mail, but I do think that we need to improve the coverage we can achieve. Since we first became a publicly traded company, we have received coverage with almost all the household names, but I do think that we could build on this and get more coverage. This is one of the areas where I want to improve. I have not spent as much time on X this week although I have tried my best to check in where I can. I am always impressed by our community of shareholders. It is amazing to see the understanding of what we are building and the support offered is appreciated. 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. Looking ahead to this next week, while I cannot go into specifics, the focus remains the same: execution to advance The Smarter Web Company. I remain focused on ensuring that each day, each week, meaningfully contributes to the Company’s long-term objectives. Overall, I am more excited about the near-term opportunity for the business than at any point to date. Thank you to everyone who continues to support The Smarter Web Company and its journey. From our shareholders, our team, our partners and of course my family. Together, we are building a company rooted in the UK, founded on digital capital, and one that we can all be very proud of. LSE: #SWC | OTCQB: $TSWCF | FRA: $3M8

@asjwebley @smarterwebuk Looking forward to meeting you, Jesse and many others at the drinks on Tuesday.

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

@ourgoodlifeuk I need some new trainers - give me a link! (Or what shop?)

Ready for action!

@asjwebley @smarterwebuk Thank you - enjoy the weekend with your family!

That’s a good question. Initially, we set a fairly modest target - reaching 1,000 within six months. However, as we saw strong early momentum, I raised our level of ambition. I don’t usually work toward rigid numerical targets; instead, I focus on continuous improvement. So while I’m not disappointed with where we are today, I would, of course, like to see us further ahead. Ultimately, what matters most to me is that we continue to grow and strengthen the business.

Yes, the last few weeks have been more volatile for Bitcoin that most of 2025, but this is the normal rhythm of a young, global monetary asset growing into its role as the pristine digital capital that we believe it is. To state that more accurately, using the data, we are around the 50-day volatility level not seen since we listed SWC in late April 2025 with the current 50-day figure being around 40%. Volatility is simply the price of admission for holding what we believe is the best asset ever created. What’s far more important than short-term price swings is the long-term trajectory: Bitcoin is rapidly becoming a strategic balance-sheet asset for companies around the world. What was once the territory of one and then after this a couple of pioneering public companies has now turned into a clear trend - businesses across different sectors are recognising that holding Bitcoin is not speculative, but foundational. It is becoming an intelligent treasury strategy, a competitive advantage, and for forward-thinking firms, a core pillar of long-term value creation. At The Smarter Web Company, we are proud to be the largest public company in the UK who has adopted Bitcoin as a treasury asset. We are convinced that building a modern company on a Bitcoin-anchored balance sheet is simply the best way to create durable, scalable value in any sector. This isn’t just a niche view anymore; it’s a movement gaining momentum every quarter. Short-term volatility comes and goes. But the future businesses being built around Bitcoin is where the real story lies. And we are determined to lead from the front. This week was quiet in terms of regulatory announcements. We released no regulatory news, but this does not mean that nothing has happened. Since we listed there have been almost 100 announcements which equates to almost 15 each month. As I continuously say some of the things that we are working on take time and will only be announced when we are able to. @Croesus_BTC and I joined a number of different podcasts this week and on Wednesday we also did a X spaces with our community. An interview that I recorded last week with @thebitcoinifa was released during the week and on Thursday I spoke with @TheBitcoin__ live. On top of this, the video that I recorded with @hannahprevett and @dominicoc for The Business - the new weekly podcast from The Times and The Sunday Times - has now had over 10,000 views. Thursday was also Thanksgiving in the US. I greatly appreciate the support from all our US investors, and I hope that you all had good days with your families. A special mention to @tylev and @Croesus_BTC - our two US team members. @Croesus_BTC spoke with @JoinHorizon to talk about the Bitcoin treasury market, hedge fund shorting, PIPE transaction issues and institutional and retail sentiment. I am so proud to have Jesse as part of our team and both he and I are focused on delivering what our shareholders expect into the future. During the week @aw_smarterwebuk has made great progress with our new website and brand project. We hope to be around one week from completion with this now although it will take a little time once ready to go through the appropriate sign off stage before it can go live. With being a public company there is considerably more process than you have in a private business however I hope that everyone will like it when they can see it. I am really pleased with it so far. The SWC community are a core part of our extended team and when reading the posts this week they seem as excited as I do about the future. Thank you to: @andysmith_asap @johnsthor1 @JohnCoo70815409 @80IQConviction @doublediamond65 @Toffeebdm @matthewkerridge @Michaeljdobbin @Boutiquecapital @bitcoin_philos @InvestorSmarter @DrBitcoinM50862 @the_desert_ape @ZynxBTC @wildgoosejon @ourgoodlifeuk @AFCB12 @levyuk @butler_np @Raj_Devsi @Frank54703905 @SmarterBuildBTC @BitcoinBee21 and @smarter_dash. Next week on Tuesday we have the recently announced General Meeting. This is important so that we can update certain aspects of the existing corporate authorities and documentation. The general meeting will take place at Aerospace Bristol, home to Concorde Alpha Foxtrot - the last of the iconic supersonic jets to be built and flown. After the meeting an announcement will be made with the votes and thank you to all those that have voted in advance or are making the trip to attend in person. I also want to say thank you to @LauraStH1991 for organising the meeting; Laura is the glue that holds all the people together at SWC and she has done a great job with this, alongside everything else that she is helping with. Next week also sees the usual variety of things that we have been focusing on progress, and this means that I am one week closer to be able to tell you more on some of this. Until then I am grateful for the patience. This weekend in the Webley household marks the moment the Christmas tree goes up - a timely reminder of how far we’ve come when I compare The Smarter Web Company to where it was this time last year - when the listing process was in its infancy. In just seven months as a public company, we’ve already achieved an incredible amount. Not least as we now hold 2,664 Bitcoin. But investing is ultimately about the future, and I’m excited about what’s ahead. Looking to the future I’m confident we will demonstrate further exciting progress and show our shareholders that they’ve backed a company worthy of their trust and support. Thank you. AQUIS: #SWC | OTCQB: $TSWCF | FRA: $3M8

@thebitcoinifa @asjwebley @smarterwebuk Great pod Dan!

New episode is live This episode is with @asjwebley, CEO of @smarterwebuk If you're an adviser trying to understand why UK companies are now choosing Bitcoin over cash, this 1-hr conversation is a masterclass Links below 👇

@satmojoe Hi Joe - I said hello to you before your talk. It felt like you could hear a pin drop at times during your talk as people got their eyes opened for the first time.

400 UK Financial Advisors. Eyes opened…

Since the #Michael trailer dropped, my timeline has been cleansed and it’s now full of MJ clips and I’m all for it.

@asjwebley Hi Andrew - a page with / a link to all your weekly Saturday updates would be good

We are doing some work over the next few months on the analytics page for The Smarter Web Company (#SWC $TSWCF $3M8.F). We developed this for our website aiming to show the key metrics that investors want to monitor. Please comment on this post with any ideas that you would like to see (we have a lot of ideas already) then we can aim to include some of these in order to make V2 as useful as possible. Also please don't forget that we are a web design firm. If you have any projects that need web design and development talent, feel free to reach out.

@dollarsanddata Received in 🇬🇧- looks like we have a different cover to you in 🇺🇸

My book, The Wealth Ladder, is now available: geni.us/wealthladderha…

@ourgoodlifeuk Any chance to use my favourite gif

7am crew reporting for duty 🫡

Six hours there, glorious sunshine, great day out for the family (if you like chess!) - but not a single remark about the smarter web tshirt - so based on my unofficial research, we’re either in our own bubble/echo chamber or we are still so early!

Doing some market research to see how early / how well known we are. Off to an event in Trafalgar Square in Central London later today with thousands of people attending (@Chess_Fest) and will be wearing the tshirt. Will report back if anyone comes up to talk to me as a result.

Ordered late last night, dispatched earlier today. Lovely personal touch with the signing off from the big man! If you can get the small details right, it’s a great sign. I’m investing in Andrew.

Suggested sponsorship deal for when we hit the FTSE 100 between @smarterwebuk and @McLarenF1 Both British, both orange and both the fastest in their field 🤝

@vostrabtc Amazing videos - how do I see the deck you created?

$SWC Some work to do UK institutions. It's okay, help is on the way. youtu.be/bSyvOeCgYi8?fe…

@ZynxBTC Many thanks 👍

@twittowoo Only Bitcoin is never sold. With companies, obviously things can change at anytime, but SWC is at the beginning of their journey. I'm holding.

What happens when SWC 🇬🇧 joins the FTSE 100? This post explores the following: -Passive index fund flows & allocations. -What this means for SWC. I would love to see a version of this post for those in Japan 🇯🇵, France 🇫🇷, USA 🇺🇸, China 🇨🇳 and pretty much anywhere else that has deep capital markets. So lets begin... The FTSE 100 is the UK's premier stock market index that is listed on the London Stock Exchange. It's total market cap is £2.1tn ($2.8 trillion). It covers roughly 81% of the total UK market cap. Companies qualify based on market cap ranking at quarterly review. You need to have a market cap better than the 90th ranked company for automatic entry. This figure fluctuates but to be safe we will call this £5bn. SWC 🇬🇧 is touching £1bn as of today 🔥. It's quite complicated as to say how much of the FTSE 100 is owned by passive investment funds, but the best research I could find from LSEG was that the number of AUM passively tracking the FTSE indices was under $200bn, whilst others say a lot more than that, up to $400bn. It's hard to find exact data on all the ETFs, pensions, sovereign wealth funds and institutional mandates benchmarked to FTSE indices, and specifically the FTSE 100. Research on this is extremely poor. It's best to split this up into 2 categories: -Direct pure FTSE 100 trackers. -Indirect passive investment through global benchmarks such as MSCI World and FTSE-All World. There is roughly £22bn of AUM that directly tracks the FTSE 100. The largest is Blackrock's iShares Core FTSE 100, with around £12bn AUM. As the rest of the top 5 biggest funds are "full replication", I'm going to extrapolate their weightings to the full £22bn and see the results. They currently allocate 7.39% to their largest holding of Shell PLC, which is a well known Oil and Gas company headquartered in the UK with a market cap of £158bn. This 7.39% represents roughly £1.63bn of passive capital allocated to the largest listed UK company on the FTSE 100. (Well, technically it's the 2nd biggest because as of today it appears Astrazeneca have just overtaken them and this should be reflected in the next quarterly rebalancing). But obviously, it's unrealistic to expect SWC to reach that market cap anytime soon. Let's use a figure of a market cap of £10bn, and see where that gets us. A market cap of £10bn would currently put SWC at rank 47 on the FTSE 100 list. The company that currently sits in this spot is Admiral Group Plc 😂. Essentially, a car insurance company. On a side note, it's been funny to see the rubbish that we have in the UK in our most premier index... You Americans are lucky! Anyway, let's find their allocation in the iShares ETF. It is currently 0.44%. This is roughly £96.8 million. That means if SWC can reach a £10bn market cap and list on the FTSE 100, at least £96.8 million will be used to buy SWC shares from these direct FTSE 100 trackers. This creates continuous demand for SWC shares, regardless of the price. It's also highly accretive as it allows SWC to issue stock at a higher price with less dilution. We should see this happening with MSTR once it joins the S&P 500. You also have to remember that these funds are growing by the year, with more and more capital being allocated to these trackers as passive investing becomes more popular. The next bit, is far more complicated. Quite frankly, the direct trackers are small food in comparison to the global trackers. Let me give you an example: Vanguard's FTSE Developed Markets ETF has roughly $158bn in AUM. 12.7% of this is allocated to UK Companies. This is just over $20bn alone. Recent data shows an allocation of 0.85% to Astrazeneca and 0.78% to Shell plc, our two biggest companies in the UK that have similar marketcaps. This is $1.34bn and $1.23bn respectively. This goes on, and on, and on, and on. I spent hours crawling through the ETF database on etfdb and justETF. I started to realise why there is no data and research on any of this. It's long. I haven't even mentioned the FTSE all-share, and all the other possible indices that a FTSE 100 listed company can be included in. But what we can say is that estimates put the indirect ownership of FTSE 100 listed companies through global indices is in the hundreds of billions. There are estimates of around £30bn a year that flows into FTSE 100 listed companies through all these funds 🔥. Ultimately, this has been a relatively disappointing and time consuming exercise and I wish there were more concrete numbers to give. However, there are a few key positive take aways from my research. 1. It is clear that joining the FTSE 100 will allow for hundreds of millions of pounds to be immediately allocated to buying SWC shares. 2. Because of the junk that is in the FTSE 100, SWC will rapidly climb the ranks and eat up a bigger and bigger portion of the passive index flows. 3. Once in the FTSE 100, this opens up Trading 212 and other platforms that don't list Aquis Exchange equities. For perspective, T212 has over £25bn in AUM and a lot of retail investors use this platform. This will fuel demand. 4. Most importantly, we have seen today that there will continue to be financial engineering from @asjwebley and the SWC team that will allow them to capitalise on this passive flow of capital and convert it into Bitcoin buying. UK pension funds and other institutional investors also have mandates that restrict their investment choices. FTSE 100 inclusion will open the door to more of this capital. There was a whole second part to this post, but I'm wary of making these too long. I'll probably post it separately. For now though, I'm incredibly bullish on the prospects of SWC eating the FTSE 100. All of this just means in simple terms a far higher share price and an increase in the accumulation of Bitcoin. TL:DR, higher 🟩👆🚀