TLDR
- Smarter Web buys more BTC, but shares drop 3.37% to below £1.
- £9M BTC buy fails to lift Smarter Web shares as investor doubt grows.
- Smarter Web holds 2,650 BTC but stock plunges nearly 80% from June high.
- Bitcoin stash grows, yet Smarter Web’s share price slides under £1.
- Despite major BTC gains, Smarter Web stock stays stuck in a downtrend.
The Smarter Web Company Plc saw its stock decline by 3.37% to 89.96p despite announcing a new Bitcoin acquisition.
Smarter Web Company Plc (SWC.AQ)
The firm acquired an additional 100 BTC at an average price of £90,764 per coin, totaling £9.08 million. However, the purchase failed to halt the ongoing drop in its share price.
Bitcoin Holdings Rise, But Share Price Falls Below £1
The company’s Bitcoin treasury has now reached 2,650 BTC following the latest purchase completed this week. The move forms part of its long-term “10 Year Plan” to expand crypto reserves and increase digital asset exposure. Yet, market confidence appears to be weakening, as shares continue to trade well below £1.
In June 2025, the share price reached a high of £5, marking a significant drop of nearly 80% to date. Although this recent purchase adds weight to its crypto strategy, investors did not react strongly. The stock has fallen almost 30% in the past month, indicating reduced sentiment despite the bullish treasury direction.
The company also purchased 25 BTC on October 7, continuing its trend of consistent acquisitions. Each purchase has delivered diminishing effects on the share price. While a 0.63% gain followed the latest buy, it was not enough to reverse the downtrend.
Smarter Web Achieves Major BTC Yield, But Valuation Remains Under Pressure
Smarter Web has reported a Year-to-Date BTC Yield of 57,718% and a Quarter-to-Date yield of 0.58%. These figures demonstrate the significant appreciation of Bitcoin relative to its purchase price. Nonetheless, this performance is not reflected in the company’s current stock valuation.
As of October 13, the company’s Bitcoin position is valued at approximately £219.57 million. Based on its current share price, the company trades at a substantial discount relative to its Net Asset Value. Official figures place its market NAV at £1.21, meaning shares are undervalued compared to its crypto-backed reserves.
Even with BTC gains, share value does not align with underlying digital assets. The market seems hesitant to price in Bitcoin exposure as a consistent value driver. Therefore, continued BTC buys may not yield higher share valuations unless accompanied by stronger core business performance.
BTC Treasury Trend Expands, But Smarter Web Faces Competitive Pressure
Smarter Web remains the UK’s largest publicly held Bitcoin firm, ranked 30th globally in corporate BTC treasuries. It has overtaken firms like HIVE Digital and Exodus Movement in its accumulation strategy. However, the approach is no longer unique, as more companies adopt similar treasury practices.
As of October 13, corporate entities globally hold around 3.91 million BTC. This increase highlights that Bitcoin accumulation has become a normalized part of financial planning. With 346 entities now holding BTC, market enthusiasm has begun to spread across sectors.
Smarter Web’s declining share value may signal saturation or investor fatigue. The company’s digital asset holdings may remain strong, but its stock performance continues to underperform. Without further business developments, future BTC buys might not spark renewed stock interest.
