# The Smarter Web Company Adds 20 Bitcoin, Bringing Holdings to 2,850 BTC By John Kim Canonical URL: https://www.tokenpost.com/news/business/39330 Published: 2026-10-23T21:13:42.000Z Updated: 2026-10-23T21:13:42.000Z Section: Business > The London-listed technology company also conditionally raised £10 million through its MORE perpetual preferred-share IPO. The Smarter Web Company added 20 Bitcoin (BTC), taking its total holdings to 2,850 BTC as the London-listed technology company expands a treasury strategy supported by public-market financing. The company’s [MORE perpetual preferred-share IPO]() conditionally raised £10 million, with expected net proceeds of £8,346,006. The company plans to allocate its expected £8,346,006 in net proceeds as follows: £4 million for Bitcoin purchases, £3,846,006 for working capital and dividend reserves, and £500,000 for its operating business. ## Links in this article - [MORE perpetual preferred-share IPO](https://www.tokenpost.com/news/business/31566)