Andrew Webley, CEO of The Smarter Web Company, shared a detailed weekly update outlining two major strategic moves. In his post, Webley highlighted the company’s first acquisition, Squarebird, and the launch of a new $30 million line of credit with Coinbase.
This week, we are pleased to announce two important developments. I also had the opportunity to attend Strategy World for several days in Las Vegas and meet a wide range of high quality participants.
At the beginning of the year, I decided to be selective about my travels… https://t.co/NVND7hKa64
— Andrew Webley (@asjwebley) February 28, 2026
This update came after he attended the Strategy World event in Las Vegas. He said the week was very productive and the company left the conference with some concrete follow-ups. Overall, the message focused on disciplined growth, strengthening cash flow, and increasing financial flexibility.
Acquisition of Squarebird strengthens cash flow
Webley confirmed that the company has completed the acquisition of profitable web design agency Squarebird. He said the deal has been in the works for several months and is closely aligned with SWC’s long-term strategy. Andrew Webley says Squarebird generates cash and has high profit margins. He highlighted that the business offers a three- to four-year payback profile. Meets Smarter Web Company’s strict certification standards. Importantly, the acquisition should increase recurring revenue and help support the group’s overhead costs during market cycles.
The company acquired Squarebird at approximately 2.5x EBITDA for the 12 months ending April 2025. Looking more conservatively, the multiple is closer to 3x, Webley said. He described the transaction as a disciplined use of capital. Notably, the total consideration represents just over 1% of the company’s balance sheet. Still, he expects the deal to be significantly accretive to revenue.
Coinbase’s credit feature adds flexibility
In addition to the acquisition, Andrew Webley announced a new $30 million line of credit with Coinbase. He emphasized that the facility is designed to improve both operational and financial flexibility. Specifically, financing facilities help reduce the time lag between raising equity and deploying capital. The CEO noted that this timing advantage is particularly valuable in volatile markets. However, he clarified that the facility is not intended to fund long-term Bitcoin purchases.
Earlier this week, the company also reported revenue from an ATM-style equity facility. The average price was around £0.36 per share, raising £26,745 before costs. Webley reminded investors that weekly updates will only be issued if shares are sold, regardless of the amount raised.
Strategic World Conference Shapes Future Plans
Webley spent several days in Las Vegas attending Strategy World. He said the event is worth the time investment despite the goal of limiting travel this year. During the conference, he met with several industry stakeholders and spoke directly with Michael Saylor. Webley said valuable ideas emerged from the conversation. It also includes input on SWC’s Bitcoin Treasury Unconference scheduled for May 29th.
He also pointed to strong themes around digital capital, digital credit and AI innovation. Despite what he called a difficult backdrop for Bitcoin Treasuries. Andrew Webley said he remained optimistic about the long-term outlook. Looking ahead, Smarter Web Company is planning a strategic debrief to put the week’s insights into action. Webley concluded his update on a confident note, saying the company is stronger than it was at the beginning of the week. The company remains focused on long-term Bitcoin per share growth.
