Smarter Web
SWC.AQMarket valuation vs the Bitcoin it holds
1.40×
as at close
Premium
a 40% premium to Bitcoin NAV
Smarter Web trades at 1.40× its Bitcoin NAV — you pay $1.40 for every $1 of Bitcoin it holds, a 223.3M USD pile.
Live · last updated
BTC held
2,747 BTC
Bitcoin treasury
Bitcoin NAV
223.3M USD
at today's BTC price
Market cap
28.9B USD
Fully diluted
Share price
53 GBX
GBX
Last BTC buy
35 BTC
Sep 2, 2026
mNAV over time
Last 12 months · diluted
Today's 1.40× sits in a 52-week range of 0.57× to 1.47×.
mNAV · 52-week range
0.57×–1.47×
0.57×now 1.40×1.47×
About Smarter Web
Smarter Web (SWC.L) owns 2,747 BTC. At today's price that Bitcoin is worth 223.3M USD. The market caps the whole company at 28.9B USD — 1.40× its Bitcoin. Put plainly: you pay $1.40 for every $1 of Bitcoin it holds, a 40% premium for everything that isn't the Bitcoin. It bought in at an average of 109.1K USD per coin.
Smarter Web (SWC.L) mNAV — frequently asked
- What is Smarter Web (SWC.L)'s mNAV?
- Smarter Web's mNAV is currently 1.40×. mNAV divides SWC.L's market capitalisation by the value of the Bitcoin it holds, so 1.40× means the market values the company at 1.40× the worth of its Bitcoin treasury (223.3M USD).
- Is Smarter Web (SWC.L) overvalued versus its Bitcoin?
- At 1.40×, Smarter Web (SWC.L) trades at a 40% premium 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×–1.47×.
- How much Bitcoin does Smarter Web (SWC.L) hold?
- Smarter Web holds 2,747 BTC, worth 223.3M USD at current prices. Its most recent purchase was 35 BTC on Sep 2, 2026.
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