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Smarter Web Company PLC ( (GB:SWC) ) has shared an announcement.
The Smarter Web Company PLC has expanded its Bitcoin-focused treasury strategy with the purchase of 11 additional Bitcoin for approximately £593,000, bringing its total holdings to 2,706 Bitcoin acquired for about £223.1 million at an average cost of £82,437 per coin. Management reports a quarter-to-date BTC Yield of 11.38% on its treasury, underscoring its belief that Bitcoin is a core long-term store of value, while emphasising to investors that this innovative approach materially exposes the company to the high volatility, regulatory uncertainty and operational risks associated with cryptoassets.
The company reiterates that an investment in its shares is not a direct or proxy investment in Bitcoin, even though its reserves are significantly tied to the cryptocurrency and its performance. The board highlights that its Bitcoin strategy is intended to be accretive to shareholders and uses BTC Yield as a key performance indicator, but also cautions that Bitcoin’s price swings, market illiquidity, cyber risks and the limited regulatory protections in the UK could materially affect the value and realisability of its holdings.
The most recent analyst rating on (GB:SWC) stock is a Buy with a £100.00 price target. To see the full list of analyst forecasts on Smarter Web Company PLC stock, see the GB:SWC Stock Forecast page.
Spark’s Take on SWC Stock
According to Spark, TipRanks’ AI Analyst, SWC is a Neutral.
The score is primarily held back by weak underlying operating performance and ongoing negative free cash flow despite a return to reported net income. A strengthened, low-leverage balance sheet provides some support, but technical indicators remain weak and valuation (P/E ~33.6 with no dividend) does not offer much cushion.
To see Spark’s full report on SWC stock, click here.
More about Smarter Web Company PLC
The Smarter Web Company PLC is a UK-based provider of web design, web development and online marketing services, generating revenue through upfront project fees, annual hosting charges and optional monthly marketing retainers. The company sees growth opportunities both organically and via acquisitions of complementary businesses to expand its client base and recurring revenue, and since 2022 has integrated Bitcoin into its operations by accepting it as payment and adopting a Bitcoin-focused treasury strategy as part of its long-term plan.
Average Trading Volume: 1,727,311
Current Market Cap: £123.5M
See more data about SWC stock on TipRanks’ Stock Analysis page.