Smarter Web Secures $30M Bitcoin Credit from Coinbase

The Smarter Web Company, a UK-listed Bitcoin treasury firm, has secured a $30 million Bitcoin-backed credit facility from Coinbase Credit. This facility, secured against Bitcoin held in Coinbase custody, aims to reduce settlement timing risks by enabling immediate Bitcoin deployment after equity raises. Smarter Web intends to use the facility for short-term capital deployment, not as long-term debt. The company currently holds 2,689 Bitcoin, valued at approximately $170 million, representing a 44% unrealized loss based on its average acquisition cost of $112,865 per coin. This move aligns with broader trends in digital asset treasury inflows, which peaked in late 2025 and early 2026 before cooling in February. Other companies are taking diverging strategies, with Strategy increasing its Bitcoin holdings and Bitdeer liquidating its entire treasury.

(Source：Cointelegraph)