Smarter Web, the U.K.’s largest BTC holder, is going on the offensive. CEO Andrew Webley is eyeing distressed rivals, seeking to aggressively expand its war chest at a potential fire-sale discount.
Summary
- Smarter Web’s CEO Andrew Webley considers buying struggling rivals to boost BTC holdings at discounts.
- Company stock plunged 35.5% in a month, far underperforming Bitcoin’s 4% drop.
- Coinbase warns treasury firms face “player vs player” competition for investor capital.
According to a recent Financial Times report, Andrew Webley, CEO of The Smarter Web Company, confirmed his firm is actively considering the acquisition of struggling competitors.
The primary objective is a strategic expansion of its Bitcoin (BTC) treasury by potentially purchasing BTC holdings at a significant discount to market value. This move comes amid a sharp decline in the company’s own stock price, which has dramatically underperformed Bitcoin over the past month.
Navigating a high-stakes battlefield
Smarter Web’s stock performance has starkly decoupled from the asset it holds. While Bitcoin declined just over 4% in the past month, the company’s share price plummeted approximately 35.5%, including a nearly 22% single-day drop on Friday.
The significant underperformance highlights a critical vulnerability: investor sentiment toward treasury vehicles is becoming increasingly fragile, independent of Bitcoin’s own price action.
The timing of Webley’s maneuver aligns with a sobering warning from Coinbase researchers that the sector is entering a brutal “player vs player” stage. Head of research David Duong and researcher Colin Basco recently stated that crypto-buying public companies will now compete far more fiercely for investor capital.
They predict that while a handful of
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Author: Brian Danga
