Andrew Webley Details Squarebird Acquisition and $30M Facility

Andrew Webley, CEO of The Smarter Web Company, shared a detailed weekly update outlining two major strategic moves. In his post, Webley highlighted the firm’s first acquisition, Squarebird and the launch of a new $30 million credit facility with Coinbase. 

The update came after he attended the Strategy World event in Las Vegas. He described the week as highly productive and said the company left the conference with several concrete follow-ups. Overall, the message focused on disciplined growth, stronger cash flow and improving financial flexibility.

Squarebird Acquisition Strengthens Cash Flow

Webley confirmed that the company completed its acquisition of Squarebird, a profitable web design agency. He said the deal had been in progress for several months and fits closely with SWC’s long-term strategy. According to Andrew Webley, Squarebird is cash-generative and delivers strong margins. He emphasized that the business offers a three-to-four-year payback profile. Which meets the Smarter Web Company’s strict acquisition criteria. Importantly, the purchase should increase recurring revenue and help support group overhead during market cycles.

The company acquired Squarebird at roughly 2.5x EBITDA for the 12 months ending April 2025. On a more conservative view, Webley said the multiple is closer to 3x. He described the transaction as a disciplined use of capital. Notably, the total consideration represented just over 1% of the company’s balance sheet. Still, he expects the deal to materially boost revenues.

Coinbase Credit Facility Adds Flexibility

In addition to the acquisition, Andrew Webley announced a new $30 million credit facility with Coinbase. He stressed that the facility is designed to improve both operational and financial flexibility. Specifically, the credit line helps reduce the time gap between raising equity and deploying capital.  The CEO noted this timing advantage is especially valuable in volatile markets. However, he clarified that the facility is not intended to fund long-term Bitcoin purchases.

Earlier in the week, the company also reported proceeds from its ATM-style equity facility. It raised £26,745 before expenses at an average price of about £0.36 per share. Webley reminded investors that weekly updates are only issued when shares are sold, regardless of the amount raised.

Strategy World Meetings Shape Future Plans

Webley spent several days in Las Vegas attending Strategy World. He described the event as well worth the time investment despite his goal to limit travel this year. During the conference, he met with multiple industry participants and held a direct discussion with Michael Saylor. Webley said the conversations generated valuable ideas. Including input for the SWC’s upcoming Bitcoin Treasuries Unconference scheduled for May 29.

He also pointed to strong themes around digital capital, digital credit and AI innovation. Despite what he called a challenging backdrop for Bitcoin treasuries. Andrew Webley said he remains optimistic about the long-term outlook. Looking ahead, the Smarter Web Company plans a strategic debrief to convert insights from the week into action. Webley closed his update on a confident note, saying the firm is stronger than it was at the start of the week. It remains focused on increasing long-term Bitcoin per share.

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