SWC Doubles Down: UK’s Most Aggressive Bitcoin Treasury Strategy Goes Live
London's financial establishment just got a crypto wake-up call.
SWC—the UK's least traditional financial player—is now executing the nation's most aggressive corporate bitcoin acquisition play. No hedging. No apologies.
The cold storage advantage
While high-street banks still debate 'crypto risk,' SWC's treasury team is moving BTC holdings offline at institutional scale. Their security protocol reads like a Bond villain's wishlist.
Market makers take notice
Liquidity providers report unusual OTC activity from UK accounts. Turns out betting against bitcoin maximalists gets expensive when corporations start behaving like diamond-handed retail traders.
One Goldman Sachs analyst muttered about 'speculative excess' before quietly increasing their own firm's crypto exposure. Classic City hypocrisy.
$106,568 reserves. The company announced on Tuesday that it purchased an additional 230.05 Bitcoins at an average price of $107,126 per Bitcoin. This latest investment cost the company £17.97 million ($24.6 million), raising its total Bitcoin holdings to 773.58 BTC. To date, SWC has invested a total of £60.4 million ($82.7 million) in Bitcoin.
ContentsSWC’s bitcoin Reserve StrategyOther Bitcoin-Investing Companies in the UK
SWC’s Bitcoin Reserve Strategy
This recent acquisition positions SWC at the 40th rank among public companies globally in Bitcoin holdings, according to Bitcoin Treasuries data. The rapid accumulation of Bitcoin is noteworthy as the company edges closer to entering the top 30 list and those holding over a thousand BTC.
Originally, SWC generates revenue through web design, development, and online marketing services. Set-up fees, annual hosting fees, and optional monthly payments represent its primary revenue streams. Since 2023, the company has accepted BTC for transactions and has officially adopted a policy of creating a Bitcoin reserve in April, aligned with its belief in Bitcoin’s role in the future financial system. Advised by David Bailey and UTXO Management, SWC aims to expand its customer base organically over a decade and selectively purchase Bitcoin to offer long-term value to shareholders and fund future growth.
SWC commenced trading on the Aquis Exchange under the ticker SWC on April 25. After the announcement of its Bitcoin reserve plan, its shares soared to 605 pounds but have since seen a 70% drop to 192.66 pounds, currently trading at 249.75 pounds.
Other Bitcoin-Investing Companies in the UK
While American companies led by Michael Saylor’s Strategy are pioneers in corporate Bitcoin accumulation, a growing number of UK companies adopt or plan to implement similar strategies. SWC is recognized as the largest British company in this sector.
According to Bitcoin Treasuries, Phoenix Digital Assets holds the second position in the UK with 247 BTC (worth $26.4 million), followed by Coinsilium with 74 BTC (worth $7.9 million). Meanwhile, the Jersey-based crypto management company CoinShares maintains a reserve of 236 BTC (worth $25.2 million).
However, as companies plan to build and increase their Bitcoin reserves, expert warnings are also on the rise. David Duong, Global Head of Research at Coinbase Institutional, stated that while leveraged cryptocurrency purchases appear problem-free in the short term, they might pose “systemic risks” in the long run. Samson Mow, CEO of JAN3, issued a harsh warning, emphasizing that Bitcoin reserve companies with unknown CEOs, who likely lack understanding of Bitcoin, could face bankruptcy in the event of significant price drops.
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