SWC's CEO, Andrew Webley, announces a capital increase of $3.7 million, a switch of auditor, and the establishment of new reserves in Bitcoin.
In a series of significant developments, The Smarter Web Company (SWC) has announced a series of milestones that are set to shape its future.
CEO Andrew Webley described the auditor transition from Adler Shine to PKF Littlejohn as a natural step for long-term growth. SWC praised Adler Shine's initial work but highlighted PKF's ability to guide the company in the next phase.
The auditor change is just one part of SWC's strategy. The company recently raised £3.7 million (USD 3.7 million) through a subscription agreement, a move that provides further support for SWC's global expansion.
In a bid to strengthen its Bitcoin reserves, SWC purchased an additional 45 BTC, bringing its total Bitcoin reserves to 2,440 BTC. This move has propelled SWC to the 25th position in the global Bitcoin Treasuries rankings. CEO Andrew Webley expressed confidence in building upon SWC's Bitcoin position.
Volatility in both stock and crypto markets was acknowledged by Webley, but he reiterated that SWC's long-term strategy remains steadfast. Webley met industry leaders and initiated new collaborations at the Bitcoin Asia conference in Hong Kong, where he also expressed optimism despite recent stock price pressures.
The SWC community, known for sharing research, supporting each other, and maintaining conviction during market downturns, has grown significantly. Over 4,100 members have joined SWC's community X in the last four months.
Andrew Webley, supported by The Smarter Web Company, attended the Bitcoin Asia conference in Hong Kong. During his visit, he attended various sessions, explored the city with community members during leisure time, and thanked shareholders and the community for their continued support.
Jesse Myers, a partner who has supported SWC, was also in attendance at the conference. Webley described the auditor transition as a natural step for long-term growth, a sentiment that seems to resonate with the company's overall strategy.
These milestones mark an exciting period for SWC, with the company poised to make significant strides in the coming months. The capital raise, auditor change, and Bitcoin reserve expansion are key milestones that reflect SWC's commitment to growth and innovation.
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