Andrew Webley, the CEO of the newly London-listed The Smarter Web Company, dismissed the “Hotel California” liquidity crisis that plagued other digital asset treasuries, as if it were a minor inconvenience. One might have expected a man of his station to fret over the company’s Bitcoin treasury, which had sunk nearly $100 million into the abyss, but Webley remained resolute, rejecting the notion of surrender with the stoicism of a man who had long since lost all hope of reason.
The founder of The Smarter Web Company Plc (SWC), in a moment of peculiar conviction, told Bloomberg that he would prefer to part with his own arm rather than divest from Bitcoin, a decision that left the listeners both bemused and slightly horrified. One wonders if he had considered the practicalities of such an arrangement-after all, what use is a Bitcoin fortune if one is forced to amputate a limb to maintain it?
U.Today’s Crypto Digest: A Ripple CEO’s Whisper of Hope, a Trader’s Warning, and a Visionary’s Mischief
Breaking: Bitcoin Reclaims $70K, Eyes Best Day in Years
“Hotel California”
According to a recent report by Tokenize Capital, many digital asset treasuries have turned into “zombie companies,” forced to sell assets merely to keep the lights on, a testament to the grim realities of the market. If these firms turn into forced sellers, this could shatter conviction in Bitcoin. Yet Webley claims this “healthy operating business” provides the cash flow needed to service costs without touching the Bitcoin stack, a feat akin to balancing on a tightrope while blindfolded.
The company, which has amassed approximately £220 million, stands as the preeminent corporate Bitcoin holder in the United Kingdom, a title that carries both prestige and a peculiar kind of burden. One might imagine the CEO’s accountant sighing in resignation as they tally the losses.
MSTR’s sudden recovery
As reported by U.Today, Bitcoin has reclaimed the $70,000 mark, poised to etch its best daily performance in years, a glimmer of hope for the beleaguered digital asset sector. The shares of Strategy (MSTR), the leading corporate Bitcoin holder, are currently up by more than 23%, a rise that has left analysts scratching their heads and investors clutching their pearls. This may finally herald the long-anticipated recovery for the embattled digital asset companies, though one might question whether this is a dawn or merely a fleeting mirage.
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2026-02-06 22:02