Smarter Web Company Confirms Executive Departure and Maintains Bitcoin Treasury Strategy

The Smarter Web Company PLC (LSE:SWC) has confirmed that Jesse Myers will leave the business with effect from 1 September 2026, while stressing that the departure will not result in any change to its existing Bitcoin Treasury Policy.

Chief executive Andrew Webley said the company remains committed to delivering its stated strategy and longer-term ambitions. Oversight of the Bitcoin treasury approach will continue to sit with the board, providing continuity in the company's strategic direction following Myers' exit.

The Smarter Web Company reiterated that a significant proportion of its treasury reserves and surplus cash is held in Bitcoin. While management sees potential strategic advantages from this approach, the company has also highlighted the substantial risks associated with holding cryptoassets, including sharp price volatility and the relatively limited regulatory framework surrounding the sector.

The company has emphasised that purchasing its shares should not be regarded as either a direct investment or a proxy investment in Bitcoin. However, its exposure to the cryptocurrency means movements in the Bitcoin price could have a material impact on its financial position.

Other risks include possible restrictions affecting cryptocurrency trading, wider market volatility and security-related threats associated with digital assets. The company has advised prospective investors to consider these factors carefully when assessing an investment in the business.