SWC Adds 325 Bitcoin, Bringing Treasury to 1,600 BTC
The Smarter Web Company (AQUIS: SWC | OTCQB: TSWCF) announced it has added 325 Bitcoin to its corporate treasury, investing £27.1 million at an average price of £83,525 per BTC. This brings the company's total Bitcoin holdings to 1,600 BTC, acquired at a total cost of £127.3 million and an average price of £79,534. The company reported a year-to-date BTC yield of 39,258% and a 30-day yield of 419%, with approximately £4 million in cash still available for further Bitcoin acquisitions. This purchase is part of SWC's 10 Year Plan, a long-term strategy that includes holding Bitcoin as a core treasury asset.
Introducing the P/BYD Ratio: A New Metric for Bitcoin Treasuries
In its announcement, SWC released a document detailing the P/BYD (Price to Bitcoin Yield) ratio. The metric aims to enable investors and analysts to better understand why a public company would hold Bitcoin as a treasury asset, in a similar way to the P/E ratio commonly used when evaluating traditional equities. According to the document, an investor who re-allocates BTC into Smarter Web appears to be 'overpaying' 5.58x for Bitcoin. However, assuming a continued rate of BTC Yield delivery, investors would have to wait just 0.09 years (~32 days) to earn cumulative Bitcoin equal to their investment today. The P/BYD ratio offers a novel framework to connect Bitcoin acquisition efficiency (the amount of BTC the company generates through its treasury strategy) directly with stock valuation, providing a quantitative perspective for evaluating corporate Bitcoin holdings.
10 Year Plan and Aquis Listing: Bitcoin as a Financial Cornerstone
SWC launched its Bitcoin-focused strategy in April 2025 with the 10 Year Plan, establishing Bitcoin as a cornerstone of its long-term financial strategy. Shortly after, on April 25, 2025, the company went public on the Aquis Stock Exchange Growth Market, raising up to £2 million through a mix of institutional and retail subscriptions. The IPO featured retail participation via the Winterflood Retail Access Platform (WRAP), enabling UK investors to join with a minimum investment of €500. The company stated that since 2023 it has adopted a policy of accepting payment in Bitcoin, reinforcing its commitment to integrating Bitcoin into daily operations.
Long-Term Belief in Bitcoin's Role in Global Finance
From accepting Bitcoin payments in 2023 to launching the 10 Year Plan and listing in April 2025, and now accumulating 1,600 BTC, SWC mirrors the corporate Bitcoin treasury approach popularized by MicroStrategy. Its unique P/BYD metric, however, addresses a common investor question: 'Is it worth swapping my Bitcoin for your stock?' — at least on paper, the company provides an optimistic answer of a 32-day payback period. The company believes Bitcoin forms a core part of the future of the global financial system and as it explores opportunities through organic growth and corporate acquisitions, it is pioneering the adoption of a Bitcoin Treasury Policy into its strategy.