Smarter Web Company loses Bitcoin strategy chief Jesse Myers, no successor named
Smarter Web Company, which holds 2712 BTC, announced that Jesse Myers, Head of Bitcoin Strategy, will leave on September 1. The company stated that its Bitcoin Treasury Policy remains unchanged under board oversight. The notice did not provide a reason for Myers' departure, name a successor, or detail how his responsibilities will be reassigned. Myers was part of the senior executive team responsible for the company's day-to-day management, including implementing the treasury strategy and managing data analytics. The board retains overall authority for management and strategy, regularly reviewing the Bitcoin Treasury Policy and monitoring market value relative to Bitcoin holdings. Smarter Web's August 3 treasury update reported net Bitcoin purchases of 224.8 million GBP and an average purchase price of 82886 GBP per coin. The company also has 18.5 million GBP drawn under a Coinbase credit facility, representing about 17% leverage, with a 6% variable interest rate. Smarter Web does not self-custody its Bitcoin, using institutional providers instead. On July 23, the company sold 177.8909127 BTC to repay 11.7 million USD under a financing instrument, eliminating 7718551 potential shares. Following the departure notice, Smarter Web shares fell 5.8% to 33.20 pence, though the cause of the decline is unclear. The next key question is whether a successor will be named or how Myers' duties will be divided.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Hacking: Belgium demands crypto addresses from illegal sites

GameStop Stock Rises 4% After 358 Million Dollar Payment

CME Targets ETFs: The First FCA-Regulated Multi-Asset Crypto Indices Are Born

Bitcoin Approaches Recent Options Trading Concentration Zone, Increasing Upward Pressure

Crypto Funds: $3.2 Billion in One Week, Bank of America Hasn't Seen This Since October 2025

What Is Worth Preserving: Rupture On Remains, Decay, And The Collector's Dilemma

Metaplanet Transfers 2,400 BTC to Coinbase, Valued at Approximately $186 Million

Bitcoin Rises by 30%, but Trading Volumes are 70% Lower

AI Forces Diversification of Bitcoin Custody

大冰要抄底(专注交易) Holds Bitcoin at Average Price of $75,400

Strategy Acquires 4,603 BTC by Spending $369.7 Million

Strategy Buys 4603 BTC for 370 Million USD

FBI and Australian police charge two in TeamPCP probe

Bitcoin BIP-110 Controversy Linked to Proof-of-Work Hard Fork

Ripple Executive David Schwartz Responds to BIP 110 Supporters

Bitcoin Holds $78K As Strait Of Hormuz Strike Lifts Oil Above $90

Earnings from Cryptocurrency Led to a Russian Woman Losing 4.5 Million Rubles

Consolidation in Ranges and Rate Reevaluation: Trader Assesses Bitcoin and Ethereum Movement Scenarios

Action Strategy (MSTR): Is the bottom behind us now? Analysis by Vincent Ganne

Investors Continue to Invest in Ethereum ETFs as Bitcoin Funds Lose $201.8 Million

Ernesto Aharonian on Bitcoin in Uruguay and Its Trade

Bitcoin Drops Below $77,000 as U.S. Economic Data Set to be Released This Week

How Paintings Could Have Become Part of the Digital Economy, but Didn't

Arthur Hayes Bullish on Ethereum as Market Refocuses

Bitcoin Quantum Resistant Transaction Test and SHRINCS Signature Proposal

Trump's Cryptocurrency Scheme Rakes in $1.4 Billion While Investors Lose $4.7 Billion

$6,000 Scenario for Ethereum, $824.42 Million Net Inflow Recorded
![[Block Media 1st Term 6th Reader Committee Meeting] "In-depth Articles Needed for Differentiation ⋯ Impressive Critique of Altcoin Listings by Chairperson Park Hyun-joo"](/public-static/9_8dc682caea.png?format=avif)
[Block Media 1st Term 6th Reader Committee Meeting] "In-depth Articles Needed for Differentiation ⋯ Impressive Critique of Altcoin Listings by Chairperson Park Hyun-joo"

$924 Million Inflow into Bitcoin ETFs, Long Positions Increasing in Derivatives Market









