Leaderboard / Software/Treasury / United Kingdom
The Smarter Web Company (SWC.AQ) bitcoin per share
The Smarter Web Company pairs an operating software business with an explicit bitcoin treasury strategy, the hybrid model that Strategy made famous. For shareholders the operating business is the wrapper; the bitcoin stack per share is the metric the market actually trades on. Listed on Aquis Stock Exchange and based in the United Kingdom, it holds 2,712 BTC against 374,840,000 shares outstanding, which works out to 723.51 satoshis per share. That places it at rank 53 of 81 on the bitcoinps.com leaderboard. A large absolute holding can still translate into a thin per-share figure when the share count is large, and this row is a good example.
The math
The calculation is deliberately simple: 2,712 BTC (as of August 3, 2026) divided by 374,840,000 basic shares (as of August 3, 2026) gives 0.00000724 BTC per share. Put another way, you would need roughly 138,216 shares to hold one full bitcoin through this stock. We rate this row high confidence: both the holdings figure and the share count trace to primary disclosures or well-corroborated sources.
Holdings context
Both the numerator and the denominator are moving here. The company keeps adding bitcoin, but it funds those purchases by issuing shares, so BTC per share only rises when new coins outpace new stock. That race, not the headline coin count, is the number to watch.
What would change this number
- Share issuance (ATM programs and placings). This company has a record of funding itself, and in some periods funding bitcoin purchases, with new equity. Every share sold at the market adds to the denominator. Issuance above the stock's bitcoin value per share is accretive; issuance below it dilutes every existing holder's sats.
- Further bitcoin sales. Recent disclosures show the company selling bitcoin. Each sale reduces the numerator directly, and per-share exposure falls with it unless the proceeds retire shares or debt in a way that offsets the loss of coins.
Quick reference: at the current figure, roughly 138,216 shares of SWC.AQ represent one full bitcoin.
Sources
- https://cryptobriefing.com/smarter-web-company-buys-bitcoin-holds-2712-btc/
- https://bitcoinmagazine.com/news/smarter-web-company-sells-bitcoin
- https://investors.smarterwebcompany.co.uk/investors/equity-snapshot/
Listed on Aquis Stock Exchange. Figures carry their own as-of dates above; this page was generated on August 3, 2026. See how we compute bitcoin per share, or browse the full leaderboard.