Smarter Web secures $30M Coinbase credit line to accelerate Bitcoin buys; holds 2,689 BTC at $112,865 average cost.
The Smarter Web Company has secured a $30 million Bitcoin-backed credit facility from Coinbase Credit to accelerate Bitcoin purchases after equity raises.
The United Kingdom-listed firm said the facility will help reduce settlement delays during volatile market conditions.
$30M Bitcoin-Backed Credit Facility Secured
The Smarter Web Company confirmed it has entered into a $30 million credit agreement with Coinbase Credit.
The facility is secured against Bitcoin held in custody with Coinbase.
The company stated that the credit line is intended to bridge the gap between equity fundraising and settlement.
The firm said the facility will allow it to deploy capital into Bitcoin immediately after raising funds.
This structure aims to reduce timing risk during volatile market conditions. The company added that it does not plan to use the facility as long-term debt.
Smarter Web is listed on the London Stock Exchange’s Main Market. It also trades on the OTCQB Venture Market in the United States.
The company has described Bitcoin as a central part of its treasury strategy.
Bitcoin Treasury Holdings and Market Position
According to BitcoinTreasuries.net, Smarter Web currently holds 2,689 BTC. The average acquisition cost is reported at $112,865 per Bitcoin.
At current prices near $64,000, the holdings are valued at about $170 million.
Based on the reported cost basis, the company holds an unrealized loss of roughly 44%. On Sept. 12, 2025, Smarter Web reported holding 2,470 BTC.
At that time, it described itself as the largest corporate Bitcoin holder in the United Kingdom.
Recent tracker data indicates the company has continued accumulating Bitcoin.
The new credit facility allows it to borrow against existing Bitcoin holdings. The firm can then repay the credit line once equity proceeds settle.
Related Reading: Bitcoin Slides 4.5% in Two Hours as Open Interest Collapses Below $20B
Digital Asset Treasury Inflows Slow in February
The move comes as digital asset treasury inflows have slowed in February.
Data from DefiLlama shows that digital asset treasuries recorded $4 billion in inflows in December. January followed with $3.7 billion in inflows.
On Monday, Strategy added 592 BTC, bringing its total holdings to 717,722 BTC.
This marked its 100th Bitcoin purchase since 2020. In contrast, Bitdeer announced it had liquidated its entire Bitcoin treasury and reduced holdings to zero while raising capital through a convertible debt offering.
Through Feb. 24, inflows totaled about $363 million. While the figures remain positive, they are below late-2025 levels.
Market activity among corporate Bitcoin holders has shown mixed trends.
Source: https://www.livebitcoinnews.com/smarter-web-adds-30m-coinbase-credit-line-to-speed-bitcoin-buys-after-fundraises/
