TechFlow News, April 27: According to The Block, TD Cowen analysts Lance Vitanza and Jonnathan Navarrete have reaffirmed their “Buy” rating on UK-listed Smarter Web Company, maintaining their price target at £1 (approximately $1.36). The analysts noted that the company recently acquired additional bitcoin for approximately £57,000 (about $77,000), effectively lowering its marginal holding cost. Additionally, its leverage ratio of roughly 8% is relatively conservative compared to peers.
Smarter Web currently holds 2,750 BTC, making it the largest corporate bitcoin holder in the UK and the 27th-largest publicly disclosed bitcoin treasury globally. However, with bitcoin’s current price hovering around $77,600—significantly below the company’s average acquisition price of $110,800—its holdings are showing an unrealized loss of approximately $91.1 million, representing a decline of roughly 30%.
