PANews reported on March 27 that The Smarter Web Company, a network development company, will go public in the British open market as early as April 2, with Bitcoin on its balance sheet and authorization to purchase more Bitcoin. Tyler Evans, co-founder of UTXO Management, is listed as a director of The Smarter Web Company. The Smarter Web Company CEO Andrew Webley mentioned that UTXO management invested before the company's IPO and, according to UK reporting rules, is classified as a "significant investor", which means they own more than 3% of the company's shares.