quote: This morning we announced our largest Bitcoin purchase of the year (so far). We acquired a further 83 Bitcoin, taking our total holdings to 2,830 Bitcoin. Alongside this, we announced a reduction in our Coinbase credit facility to £16 million. These two decisions reflect how we think about capital allocation and the long-term future of Smarter Web. We want MORE to be the most senior claim on our balance sheet. I believe that building our capital structure around this principle is important to scaling MORE into the income equity we believe it has the potential to become. At the same time, we want to continue increasing our Bitcoin holdings, particularly when we believe Bitcoin is attractively priced, whilst continuing to grow our operating businesses. These objectives are not mutually exclusive. The opportunity is in balancing them intelligently. I believe we have demonstrated to shareholders that we can make disciplined capital allocation decisions, balancing the opportunities for growth with the importance of maintaining a strong balance sheet. That approach will remain central to how we build Smarter Web. What makes the future particularly exciting is that we now have two distinct equities trading on the Main Market of the London Stock Exchange. SWC, our growth equity, offers investors exposure to the potential growth of Smarter Web, our operating businesses and our Bitcoin treasury. MORE, our income equity, is designed to provide investors with a different proposition through a cumulative variable-rate preferential dividend, payable weekly. Two equities, two different investment propositions, but one company and one long-term ambition. I believe having access to these different pools of capital gives us an incredibly exciting opportunity to scale Smarter Web, strengthen our balance sheet and create long-term shareholder value. LSE: #SWC #MORE | OTCQB: $TSWCF | FRA: $3M8 | RNS Announcement: Bitcoin Purchase Please read the RNS on our website (link in comments). LSE: #SWC #MORE | OTCQB: $TSWCF | FRA: $3M8