SWC increases BTC reserves to gain trust in a turbulent cryptocurrency environment
Source: CoinWorld
Time: 2025-09-13 15:04:17
SWC Technologies raised £2.6 million in a round led by institutional investors, and CEO Andrew Webley confirmed the funding will be used to expand Bitcoin reserves to support its native token, SWC. The company has allocated £1.2 million to purchase Bitcoin, increasing its holdings to more than 800 Bitcoins and plans to use the remaining funds for operations, R&D and compliance improvements. Webley stressed that the move aims to strengthen institutional trust and follow regulatory trends to maintain reserves above 150% of the tokens in circulation.