Smarter Web (SWC.AQ)
Company Information
Stock Chart
Business Model
Business Mode
Bitcoin Reserve Strategy: As a core financial strategy, the company continuously increases its holdings of Bitcoin in the secondary market. As of July 16, 2025, it has accumulated 1,600 Bitcoins, with a total value of approximately £127.3 million and an average purchase cost of £79,534 per coin. Its "Ten-Year Plan" clearly identifies Bitcoin as a long-term reserve asset, aiming to hedge against fiat currency inflation risks and enhance asset returns through continuous coin purchases. Payment system innovation: Starting from 2023, Bitcoin will be accepted as a payment method for customers, with plans to apply blockchain technology in cross-border settlement and supply chain management in the future to reduce international transaction costs.
Profit Model
Asset appreciation income: The price fluctuations of Bitcoin directly affect the company's asset value. For example, when the price of Bitcoin exceeds $112,000 in 2025, its reserve value increases by over 60% compared to the beginning of the year. The company regularly discloses changes in reserve amounts. After the announcement on July 16, 2025, of an increase of 325 Bitcoins, the price of Bitcoin rose by 1.8% on that day. Equity financing leverage: Raising funds through multiple stock issuances to purchase cryptocurrencies. For example, in July 2025, raising £15 million through an accelerated book-building process, all used to increase holdings in Bitcoin. This model leverages the market's long-term optimistic sentiment towards crypto assets to achieve rapid capital expansion.
Profit Model Impact
Institutional Investor Benchmark: As the only publicly listed company on the London Stock Exchange focused on Bitcoin reserves, it provides compliant investment channels for institutional investors such as UK pension funds and trust funds. It is estimated that the UK's self-managed pension size exceeds £1 trillion, making the company an important target for indirect Bitcoin allocation. Market price guidance: Its increase in holdings often triggers market follow-up. In the second quarter of 2025, the company's coin purchase volume accounted for 0.08% of the total global corporate coin purchases, directly driving the growth of Bitcoin demand. In addition, the company's pioneering "Price Bitcoin Yield Ratio (P/BYD)" indicator provides the market with a new tool for assessing the value of cryptocurrency reserve enterprises.
Impact on Cryptocurrencies
Bitcoin ( BTC ): The company is an important institutional participant in the Bitcoin market. Although it has not directly engaged in mining operations, it has contributed 0.05% of the global corporate Bitcoin purchases through its buying activities, indirectly affecting the security of the Bitcoin network and market liquidity. The secondary market buying activities have driven up prices by increasing demand, with its accumulation in the first half of 2025 accounting for 0.06% of the total global corporate Bitcoin purchases. Indirectly influencing other cryptocurrencies: As a benchmark for traditional financial institutions entering the cryptocurrency space, its successful model may encourage more companies to follow suit, indirectly increasing market attention on mainstream cryptocurrencies like Ethereum.