Smarter Web Company, a UK web design firm listed in London, will join the MSCI United Kingdom Micro Cap Index on November 30, 2026. As of October 23, 2026, it held 2,850 BTC valued at approximately $190 million to $204 million, after adopting a Bitcoin treasury policy in 2025. The company funds its purchases mainly through share issuances and recently added 20 BTC for £1.23 million. Its index inclusion should improve visibility among specialist investors, although the immediate impact on its shares is expected to be limited because institutional funds track micro-cap indices sparingly. The strategy nevertheless carries a dilution risk for existing shareholders whenever new shares are issued to finance additional Bitcoin purchases.
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