Crypto Journalist

Anas Hassan

Crypto Journalist

Anas Hassan

About Author

Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

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Last updated: 

September 12, 2025

Smarter Web Company is exploring acquisitions of distressed competitors to acquire their Bitcoin holdings at discount prices.

According to a Financial Times report, the UK’s largest corporate Bitcoin holder with over £200 million in crypto reserves made the revelation despite its shares plummeting 73% from their mid-June peak.

Founder Andrew Webley told the publication that “there’s one that’s very attractive, there’s one that I’ve got my sights on at the moment,“ though he declined to name the acquisition target.

The Bristol-based firm would “certainly consider” snapping up other companies for their Bitcoin at a discount, Webley explained, as some crypto treasury companies now trade below the value of their Bitcoin holdings.

Strategic Accumulation Amid Market Turbulence

Smarter Web has undergone a dramatic transformation from its origins as a website design business, pivoting heavily toward Bitcoin accumulation throughout 2025 under what the company calls “The 10 Year Plan.”

The firm currently holds 2,470 Bitcoin worth approximately £200 million, having crossed the 2,000 BTC milestone in July after purchasing 225 additional coins for £19.9 million.

This aggressive strategy has generated what the company describes as a 49,198% year-to-date Bitcoin yield, positioning Smarter Web among the top 25 global corporate Bitcoin holders despite maintaining just £500,000 in remaining treasury cash.

The company’s accumulation efforts have been financed through innovative debt structures, including the UK’s first Bitcoin-denominated convertible bond worth $21 million issued to Paris-based TOBAM in August.

Unlike traditional convertible bonds, this structure denominates the principal repayment amount in Bitcoin while keeping the conversion share price fixed at £2.05, representing a 5% premium to the stock’s closing price at the time.

Webley acknowledged the dramatic valuation swings, telling the publication that “we probably got overvalued and now we’re almost certainly undervalued,” while expressing concern for shareholders who have experienced the volatility.

Despite the share price correction, the company briefly achieved a £1 billion market capitalization over the summer and has gained approximately 150% year-to-date, outperforming all but one company in the FTSE 350.

The firm appointed Albert Soleiman, former CFO of trading group CMC Markets, as chief financial officer last week as it pursues institutional investor interest and FTSE 100 ambitions.

UK Treasury Company Wave Meets Market Skepticism

Smarter Web’s acquisition strategy emerges within a broader wave of UK-listed companies adopting Bitcoin treasury models, with at least nine firms announcing similar strategy in recent months.

These companies have followed the playbook pioneered by Saylor’s MicroStrategy, which has accumulated over 638,460 BTC and achieved a market capitalization exceeding $90 billion since first purchasing the cryptocurrency in 2020.

The UK movement includes firms ranging from AI services provider Tao Alpha, which disclosed plans to raise £100 million for Bitcoin purchases, to natural resources company Panther Metals, whose shares surged 81% after buying a single Bitcoin.

However, market analysts have raised concerns about the sustainability and strategic clarity of the crypto treasury trend as hundreds of companies worldwide race to accumulate digital assets.

Eric Benoist, tech and data research specialist at Natixis CIB, warned that “the story is starting to become less attractive to mainstream investors,” noting that “there’s still no clear end game to this strategy.”

The broader corporate Bitcoin treasury movement has seen over 325 entities accumulate 3.71 million Bitcoin collectively, as per BitcoinTreasuries data, even though some industry observers question whether the market has reached saturation.

Galaxy Digital’s Michael Novogratz had previously suggested that the market may have reached “peak treasury company issuance,” while VanEck’s Matthew Sigel warned that companies issuing shares near their Bitcoin net asset value risk creating “erosion” rather than capital formation.

If executed well, Smarter Web’s acquisition strategy could bring a new paradigm in the space, potentially allowing successful treasury companies to consolidate Bitcoin holdings from struggling competitors at favorable valuations.

The approach mirrors historical debt-financed asset acquisition strategies, where savvy investors have borrowed in depreciating currencies to purchase scarce assets during market downturns.

A widely followed crypto analyst says one Solana (SOL) competitor may be gearing up for a breakout.

In a new thread, crypto trader Michaël van de Poppe tells his 783,000 followers on the social media platform X that Sei (SEI) may increase more than 100% its current value if it breaks through a key resistance level.

“SEI starts to show momentum. The Bitcoin pair has a strong bullish divergence on the higher timeframes and the USD pair faces a crucial resistance. Breaking through $0.20 opens up a continuation towards $0.30-$0.35.”

SEI is trading for $0.17 at time of writing, down 2.4% in the last 24 hours.

Next up, the analyst says that Bitcoin (BTC) is in a consolidation phase that may lead to an explosive move to the upside.

“Bitcoin is stuck in the final range. Another test of $87,000 and we’ll likely break upwards to the rally of a new all-time high.”

Bitcoin is trading for $83,800 at time of writing, flat on the day.

Lastly, the analyst says that Ethereum (ETH) may be kicking off an uptrend if the price of gold peaks, based on ETH’s historic inverse correlation with the precious metal.

“A good start of the week, as ETH is +4% against Bitcoin. The ultimate question whether it will sustain or not, last months it has been giving back the returns in the days after. What to monitor? Gold peaking or not. If that’s the case, then we’ll see more strength on ETH.”

The analyst also says that ETH’s Relative Strength Index (RSI) indicator is flashing bullish, having entered oversold territory.

The RSI is a momentum oscillator used to determine whether an asset is oversold or overbought. The RSI’s values range from zero to 100. A level between 70 and 100 indicates that an asset is overbought. The 0 to 30 level range indicates that an asset is oversold.

“It’s been a bear market for 1,225 days for ETH, as, in this period, gold did a 2x. The lowest RSI on the weekly candle for ETH as well.”

ETH is trading for $1,589 at time of writing, down 2% in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A closely followed crypto strategist believes that one Ethereum (ETH) competitor may have reached a local bottom amid a broad market sell-off.

Pseudonymous analyst Inmortal tells his 231,100 followers on the social media platform X that Solana (SOL) may be presenting a rare buying opportunity after hitting the 24-hour low of $112.

“SOL: feels like a generational entry.”

Looking at his chart, the trader suggests SOL is printing a similar pattern from 2021, when SOL dipped more than 60% from its local top before putting up massive gains.

SOL is trading for $116 at time of writing, down 1.8% in the last 24 hours.

Next up, the analyst suggests that Bitcoin (BTC) is on the verge of breaking out and may reclaim the $100,000 level as support by next month.

“Maybe this dream [will] come true, just maybe.”

Bitcoin is trading for $82,719 at time of writing, flat on the day.

The analyst is also turning bullish on FLOKI (FLOKI) as the memecoin bounces off of lows not seen since more than a year ago.

“Floki at pre-bull market levels is crazy. Added some spot here, see you in a few months.”

FLOKI is trading for $0.00005453 at time of writing, down 1.8% in the last 24 hours.

Lastly, the analyst says that ETH may be on the verge of a bullish reversal based on historical precedence.

“Expansions lead to retraces. Retraces lead to bounces. Bounce soon.”

ETH is trading for $1,810 at time of writing, flat on the day.

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Cryptocurrency trader and analyst Ali Martinez is leaning bearish on the memecoin FLOKI (FLOKI).

Martinez tells his 133,600 followers on the social media platform X that FLOKI has formed a flag pattern on the three-hour time frame.

According to the crypto analyst, FLOKI could fall by around 37% from the current level once it breaks down. In technical analysis, a flag pattern is either bullish or bearish depending on whether the flag part of the pattern forms after an uptrend or a downtrend.

If it forms after an uptrend, the flag pattern is bullish while if it forms after a downtrend then the flag pattern is bearish.

FLOKI is trading at $0.0000633 at time of writing.

Next up is Dogecoin (DOGE). Martinez says that the largest meme coin by market cap is forming an ascending triangle pattern on the one-hour chart. An ascending triangle pattern is a bullish signal, especially if the price breaks above the upper boundary or the diagonal resistance level of the triangle.

“Dogecoin will break out! A close outside $0.16 – $0.18 could trigger a 16% price move.”

Turning to Ethereum (ETH), Martinez says that the second-largest crypto asset by market cap needs to rise by around 22% from the current level and close above that threshold to turn bullish. Based on a graphic illustrating data from the crypto analytics platform IntoTheBlock, it appears that the level around $2,400 has 12.39 million addresses that are currently underwater.

That level could present strong resistance, as there would potentially be many sellers looking to exit their positions at the first opportunity of breaking even.

Ethereum is trading at $1,968 at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A popular analyst thinks that one red-hot altcoin has a lot more upside potential after putting up huge gains within weeks.

The pseudonymous analyst known as Altcoin Sherpa tells his 242,900 followers on the social media platform X that layer-1 blockchain Sonic (S) may soon hit $1.

“S is still one of the strongest mid-caps there is right now. People forget this coin went to almost $4 last cycle. [Sonic Founder Andre Cronje] bull posting a lot plus some interesting activity over there. Send it way higher.”

He also predicts that S may soon increase more than 16% of its current value to hit a psychological price level.

“S: insanely nice chart. $1 is destined in my opinion.”

Sonic soared from its $0.359 on February 3rd to $0.8615 at time of writing, a 140% gain.

Next up, the trader says that Bitcoin (BTC) is stuck trading within an enduring range but suggests it may soon break out.

“BTC: this price action will continue to give us loads of false hope and is the definition of chop. (Though, I do think the relative bottom is in for many coins.)”

Bitcoin is trading for $98,175 at time of writing, up 1.7% in the last 24 hours.

The trader also says he is long-term bullish on artificial intelligence (AI)-focused altcoin AI Rig Complex (ARC) and MANTRA DAO (OM), a decentralized finance (DeFi) platform.

“Active longs.

ARC: insane volatility on this one, has potential to go 20% up or down in a day, still long on this…

OM: this is slower trade that is probably going to take several days/weeks to play out and acts as a stablecoin until it goes up 30%. Much more of a safer play for me.”

ARC is trading for $0.24 at time of writing, up 30.1% at time of writing. Meanwhile, OM is trading for $8 at time of writing, up 5.2% on the day.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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