Former investment analyst 📈, now software developer 💻
Joined August 2010
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Inspired by @DrBitcoinM50862, I've been modelling what the SWC share price could look like under different scenarios, including different bitcoin prices, mNAVs, ATM issuance, book builds and MORE issuance.
Introducing the SWC Treasury Model thesmarterinvestmentguy.com/…
Here's what the model projects for SWC after 24 months in 4 different scenarios.
🐻 Bear, a share price of £0.81
⚖️ Base, a share price of £3.61 and a £2.25bn market cap, FTSE 250 size
🐂 Bull, a share price of £13.29 and a £9.7bn market cap, FTSE 100 size (about the 51st biggest UK company)
🚀 Super bull, I'll let you find that one yourself.
I've tried to keep the scenarios conservative. For example, in the bull scenario bitcoin is at $200k, mNAV at 3.5× and amplification only 30%. (Apologies for being so bearish @80IQConviction)
The bit I find most interesting is the Monte Carlo section. It runs the model thousands of times with random bitcoin and mNAV paths to stress test it, showing what happens when bitcoin falls. It also shows the road to £10+ would be rocky. Even in the bull scenario, the median simulation has a −55% drawdown and 4 falls of more than 20%.
Have a play around. There's an option to share a link to your own scenario, so please share one if you think I've been too bearish!
Nick retweeted
🏇🏇 THE FASTEST HORSE 🏇🏇
Bitcoin treasury company YTD leaderboard as of the 6th November 2026 market close.
Despite Bitcoin being down 13.3% YTD, Strive leads the pack at +45.3%, with The Smarter Web Company still in 2nd at +15.0%.
A strong reminder that in this sector, company execution, structure and market positioning can matter just as much as Bitcoin price action itself.
Who do you think finishes 2026 strongest?
🤖 Made with AI
If you watch one thing today I urge you to watch this. Will only take 1 minute of your day.
“The beauty of Smarter Web is that we’re big enough to be able to access some of that capital now. But we’re also very very small, we can do relatively small deals on a global scale but very big deals on a UK scale.”
Our CEO, @asjwebley, speaking with @millercole on Smarter Web's advantageous size and access to capital.
LSE: #SWC #MORE | OTC: $TSWCF $MORPF | FRA: $3M8
I'm so incredibly bullish. We're at the very early stages of this bull cycle. Bitcoin is only 30% above the low we saw in July this year. I can't imagine what the share price will be doing when bitcoin gets back to all time highs and higher.
Thanks for all your and your team's hardwork.
Nick retweeted
MORE is an amazing investment. It wasn't until I dug into the details did I realise how good it was. It is so much more than the headline 12% dividend.
I've spent some time building out an educational piece which is aimed at the lay person to explain both the pros and cons of investing in MORE.
thesmarterinvestmentguy.com/…
This is what I used to educate my parents on MORE and based on this they will be investing their whole pension into MORE. Please share this if you think it might be useful for your friends or family.
This isn't financial advice. Your capital is at risk and as we have seen your investment can go down as well as up.
As for me, I like the stock.
I love videos like this on days like this. Turn off the news, close all your trading apps and focus on the 10 year plan. Feeling super bullish.
Nick retweeted
Really appreciated this discussion between Andrew @asjwebley and Miller @millercole on all things #SWC🙏
What really made my ears prick up was when Andrew repeated talked about the potential for future capital to be deployed into the UK and bitcoin, a situation which #SWC is clearly ideally positioned to benefit from:
🟠 'The most important thing about a bitcoin treasury company is future capital.
I can only say certain things that are in the public domain at the moment but if Smarter Web has got access to significant capital at good terms in the future then that would be incredibly beneficial for our bitcoin per share and, ultimately, our total returns…
There’s no one [i.e. analysts] out there that’s putting it down to simple terms of the probability of someone having access to a large amount of capital on good terms and what that does. Ultimately, that’s the most important thing, that’s what drives bitcoin per share and drives total returns, locks in the value of the balance sheet at a higher and higher level.
And the beauty of Smarter Web is because we’re big enough to be able to access some of that capital now, but we’re also very small, we can do relatively small deals on a global scale but very big deals on a UK scale and grow very, very quickly.
So I’m incredibly excited about the next couple of months.
There’s never any guarantees, of course, but I think when people are analysing the bitcoin treasury companies… they need to ask themselves what is the likelihood of a significant amount of capital landing with that company, on good terms.
And that’s the answer if you’re a bitcoin treasury investor, 100%.' [from 16m]
And to reiterate the point:
🟠 'There’s a lot of capital at the moment looking to the UK, and there’s a lot of capital looking to bitcoin at the moment. What we’ve built with Smarter Web is the leading bitcoin treasury platform [in the UK]… there’s so much capital out there that can come in on very, very good terms…' [from 23m]
Both Andrew and Miller talked about how there's so much more going on within the company than any of us are aware of. It's no wonder they're both so optimistic for the future of @smarterwebuk over the coming months and beyond.
TL;DR:🚀🚀🚀
LSE: #SWC #MORE | OTC: $TSWCF $MORPF | FRA: $3M8
Smarter Web Livestream #10 - Andrew Webley & Miller Cole xitter.gq/i/broadcasts/2JQXREYNp…
Nick retweeted
Great British Stories from Smarter Web
Episode 1: Look for MORE
Want MORE? Like, share and follow for a new story every Thursday.
Capital at risk. The value of your investment can go down as well as up. Dividends aren't guaranteed and can be reduced, increased or suspended.
LSE: #SWC #MORE | OTC: $TSWCF $MORPF | FRA: $3M8
Nick retweeted
Smarter Web has bought 1,775 MORE shares at £80.354 per share. US investors can now also access MORE through the OTC ticker MORPF.
MORE combines a high dividend yield with substantial asset backing, a disciplined approach to leverage and a rolling two-year cash reserve for Preferred Share dividend payments.
At a price of £80.354 per Preferred Share, MORE offers an annualised dividend yield of 14.93% based on the prevailing variable dividend rate. We believe that the current market price does not fully reflect the characteristics of MORE, particularly when considered alongside the strength of The Smarter Web Company's balance sheet.
Our decision to purchase 1,775 Preferred Shares reflects that conviction. We recognise that market pricing is ultimately determined by investors, and we will consider further purchases of Preferred Shares on an ongoing basis as deemed appropriate. Our ambition is to establish MORE as a successful, sustainable and widely held preferred equity.
LSE: #SWC #MORE | OTC: $TSWCF $MORPF | FRA: $3M8
Nick retweeted
🏇🏇 THE FASTEST HORSE 🏇🏇
A brutal week for Bitcoin Treasury Companies, however 2 companies remain in front of Bitcoin YTD @Strive & @smarterwebuk
#TheFastestHorse #Bitcoin #ASST #SWC #MSTR
🤖 Made with AI
Not weird at all. Looking at premier league data the winners of the league often received fewer red cards than opposition. You would probably argue that the premier league is fixed. Alternative argument is the strongest teams get fewer red cards and Barnet are one of the stronger teams in the league.
Nick retweeted
Once MORE is in sticky hands, the price can move towards £100 and the ATM can start running. So how long will that take? Here's a simple model....
I'm classing sticky hands as holders who buy and keep for the 12% dividend, not to flip a quick profit. Let's assume 50% of IPO shares and 50% of new buyers are sticky.
With 111,112 IPO shares, at current volume of 2,613 shares traded per day, it will take only 26 trading days for the shares to end up 90% in sticky hands.
At roughly 90% in sticky hands, I believe the price will be at around £100. It might happen sooner or later but roughly around 30th November.
I like the pref.
