IN BRIEF: Smarter Web Co hires former CMC Markets CFO as own CFO

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Smarter Web Co PLC - Bristol, England-based web design, web development and online marketing services provider with bitcoin treasury policy - Hires the former chief financial officer of CMC Markets PLC to be its own CFO. Albert Soleiman joins the company and its board immediately. The current CFO, Mario Visconti, steps down from the board immediately and will move to a new created role in the company ‘to help support it on its ongoing and future strategic projects’.

CMC Markets is a London-based trading platform for contracts-for-difference and other financial instruments. It is a FTSE 250-index constituent with a £650 million market capitalisation. Smarter Web debuted on the Aquis Stock Exchange in April this year with an opening value of £3.7 million. However, on the back of its bitcoin treasury policy, Smarter Web has risen to a current market cap of £323.5 million and at one point in June was valued at more than £1 billion. A bitcoin treasury policy means using the company’s spare cash, and often funds raised specifically for the purpose, to buy bitcoin and other digital currencies.

Current stock price: 120.0p

12-month change: up from listing price in April of 2.5p

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