The Smarter Web Company (SWC) faced a challenging week in terms of share price. CEO Andrew Webley acknowledged that shares ended lower but emphasized that the business remains fundamentally stronger than a few weeks ago. He highlighted that the operating business is in good shape and noted upcoming additions, including a new Marketing Manager.
Webley also addressed the company’s Bitcoin treasury. He indicated that the mNAV, or market-adjusted net asset value, currently stands at 2, which he views as mispriced. He questioned why global mNAVs are compressing, whether due to natural market adjustments or the growing number of Bitcoin Treasury companies. Webley expressed optimism that mNAVs for companies demonstrating progress could improve in the near term.
Insights on Bitcoin Treasury Valuations
The SWC CEO discussed differing perspectives on valuations. He suggested that sentiment toward companies executing Bitcoin strategies plays a significant role. Webley emphasized that investors should consider P/BYD ratios when evaluating Bitcoin Treasury companies. During the week, Webley participated in several live streams and meetings, engaging with analysts and industry figures. Discussions included the outlook for Bitcoin Treasury companies in Europe and the UK. He praised peers for their contributions and noted the value of wider coverage in media outlets, such as The Times, in educating investors about the sector.
Investor Engagement and Capital Strategy
Webley shared that he met with multiple potential investors, both in person and virtually. He stressed that attracting the right capital on favorable terms remains a priority. He indicated that UK institutional investors are increasingly recognizing the value of SWC’s strategy, a marked improvement from conversations a few months prior. Additionally, the SWC CEO highlighted Peel Hunt’s recent research note on the Bitcoin Treasury space as a positive development.
Outlook for SWC and Bitcoin
Looking ahead, Webley expressed enthusiasm for the upcoming Bitcoin Conference Asia in Hong Kong. He also announced the promotion of Jesse to a full-time team member. While underscoring the company’s focus on building talent for future growth. Despite recent share price declines, the SWC CEO emphasized the company’s strong foundation. SWC combines a significant Bitcoin treasury, operational growth potential, capital tools for expansion, and a skilled team. He believes the company’s strategy positions it to achieve ambitious goals while leveraging Bitcoin, “the best asset the world has ever seen.”