Smarter Web
SWC.LMarket valuation vs the Bitcoin it holds
0.99×
as at close
Discount
a 1% discount to Bitcoin NAV
Smarter Web trades at 0.99× its Bitcoin NAV — you pay 99¢ for every $1 of Bitcoin it holds, a 219.3M USD pile.
Live · last updated
BTC held
2,850 BTC
Bitcoin treasury
Bitcoin NAV
219.3M USD
at today's BTC price
Market cap
20.8B USD
Fully diluted
Share price
38 GBX
GBX
Last BTC buy
20 BTC
Oct 23, 2026
mNAV over time
Last 12 months · diluted
Today's 0.99× sits in a 52-week range of 0.57× to 1.81×.
mNAV · 52-week range
0.57×–1.81×
0.57×now 0.99×1.81×
About Smarter Web
Smarter Web (SWC.L) owns 2,850 BTC. At today's price that Bitcoin is worth 219.3M USD. The market caps the whole company at 20.8B USD — 0.99× its Bitcoin. Put plainly: you pay 99¢ for every $1 of Bitcoin it holds, a 1% discount to simply owning the coins. It bought in at an average of 109.2K USD per coin.
Company facts
- Country
- United Kingdomsource
- Headquarters
- Bristol, United Kingdomsource
- Incorporated
- England and Wales (public limited company, Companies House 00092343)source
- Business
- Web design and development (bitcoin treasury strategy)source
- Fiscal year end
- October 31source
- Auditor
- PKF Littlejohn LLP (London)source
Each fact links to the filing or official page it was taken from.
Smarter Web (SWC.L) mNAV — frequently asked
- What is Smarter Web (SWC.L)'s mNAV?
- Smarter Web's mNAV is currently 0.99×. mNAV divides SWC.L's market capitalisation by the value of the Bitcoin it holds, so 0.99× means the market values the company at 0.99× the worth of its Bitcoin treasury (219.3M USD).
- Is Smarter Web (SWC.L) overvalued versus its Bitcoin?
- At 0.99×, Smarter Web (SWC.L) trades at a 1% discount to the Bitcoin it holds. Whether that is rich or cheap is best read against its own history: over the past year its mNAV has ranged 0.57×–1.81×.
- How much Bitcoin does Smarter Web (SWC.L) hold?
- Smarter Web holds 2,850 BTC, worth 219.3M USD at current prices. Its most recent purchase was 20 BTC on Oct 23, 2026.
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