The Smarter Web Company PLC, a technology firm listed in London, has expanded its bitcoin treasury once again, purchasing an additional 325 BTC and bringing its total holdings to 1,600 BTC. The move is part of the company’s ongoing treasury strategy under its stated “The 10 Year Plan,” reinforcing its commitment to using bitcoin as a core balance-sheet asset.
According to the company’s announcement, the latest acquisition cost £27,145,693 in total, with an average purchase price of £83,525 per bitcoin, equivalent to about $112,157 per BTC. The purchase adds to a broader corporate strategy that positions bitcoin not as a short-term trade, but as a treasury reserve intended to play a long-term role in capital allocation.
Bitcoin Treasury Strategy Continues to Expand
The increase to 1,600 BTC marks another step in the company’s steady accumulation plan. The Smarter Web Company said the purchase aligns with the treasury policy it has previously outlined, suggesting the firm remains committed to increasing its bitcoin exposure over time when capital conditions allow.
The company also disclosed that it currently holds approximately £4,000,000 in net cash available for potential future bitcoin investments. That detail is notable because it indicates the firm may still have room to expand its holdings further, depending on market conditions and management decisions.
Beyond the raw treasury number, the company highlighted performance metrics tied to its bitcoin strategy. It reported a year-to-date BTC yield of 39,258% and a 30-day BTC yield of 419%. While such figures depend heavily on the company’s own reporting methodology and should be understood within that context, they underscore how aggressively the firm is framing its bitcoin treasury model to investors.
A New Metric for Bitcoin Treasury Companies
Alongside the treasury update, The Smarter Web Company published a research brief introducing a new valuation measure known as the P/BYD ratio. The company said this metric is designed to help investors evaluate the valuation and operating performance of Bitcoin Treasury Companies more effectively.
The release of a proprietary valuation framework suggests the company is not only building a bitcoin-heavy treasury position, but also trying to shape how the market interprets businesses that hold bitcoin as a strategic reserve asset. As more listed firms explore similar treasury models, investors have increasingly searched for ways to compare them beyond traditional earnings and book-value measures.
In that context, the P/BYD ratio appears intended to provide a more targeted lens for understanding companies whose financial narrative is closely linked to bitcoin accumulation. The firm said the goal is to improve investor understanding of why companies may choose to hold bitcoin on their balance sheets and how that decision might influence valuation.
Part of a Broader Corporate Bitcoin Trend
The Smarter Web Company’s announcement fits into a wider trend in which public companies are experimenting with bitcoin-based treasury strategies. In these cases, bitcoin is treated not simply as a speculative asset, but as a reserve instrument that can influence corporate identity, capital strategy, and investor perception.
What makes this update notable is the combination of two developments at once: a measurable increase in holdings and the introduction of an analytical tool aimed at the broader market. By doing both, the company is signaling that it wants to be seen not only as a participant in the bitcoin treasury movement, but also as a contributor to the framework investors use to assess that movement.
For now, the facts disclosed are straightforward: the company has raised its bitcoin position to 1,600 BTC, spent £27.1 million on its latest purchase, retains about £4 million in net cash for possible future investment, and has launched a new valuation metric centered on bitcoin treasury businesses. Taken together, those steps strengthen its profile as a publicly listed firm building around a long-term bitcoin treasury strategy.