The head of the UK’s biggest bitcoin-buying business is eyeing up struggling rivals and aspiring to enter the FTSE 100 despite a recent share price slide.
The Smarter Web Company has largely pivoted from website design to buying bitcoin this year and is valued at ￡400mn — more than online retailer Asos or fitness operator The Gym Group.
However, its shares have fallen by 73 per cent from their mid-June peak as investors grow increasingly concerned about a saturated market with hundreds of companies around the world racing to buy cryptocurrencies.
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