The Smarter Web Company (#SWC $TSWCF $3M8.F) RNS Announcement: Bitcoin Purchase and SWC Research Brief. Purchase of additional Bitcoin as part of "The 10 Year Plan" which includes an ongoing treasury policy of acquiring Bitcoin. The Smarter Web Company has also today published a Research Brief to introduce a new metric (P/BYD) for analysing the performance and valuation of Bitcoin Treasury Companies. The P/BYD ratio aims to enable investors and analysts to understand better why a public company would hold Bitcoin as a treasury asset, in a similar way to the P/E ratio commonly used when evaluating traditional equities. Please read the RNS on our website: