Mat Power

Very cool overview of who owns Bitcoin.

The City of London has been a cornerstone of global finance for hundreds of years. Today, London is the world’s #2 financial hub. The UK has challenges - every country does. But the next era of capital formation is emerging: digital capital. Bitcoin is the foundation that will help build the next generation of great UK companies. Digital capital, built on Bitcoin, integrated into global markets. The opportunity ahead is enormous. LSE: #SWC | OTCQB: $TSWCF | FRA: $3M8

Former UK Finance Minister Kwasi Kwarteng addresing Former UK Prime Minister Boris Johnson: "Calling Bitcoin a Ponzi is like calling the internet a pyramid scheme because websites gain users over time. A Ponzi has a central operator and promised returns. Bitcoin has neither; just mathematics, code, and a monetary policy that can’t be rewritten by politicians. We’ll chat about this over lunch next week and I’ll have you converted in no time at all."

I predict this will be the first time that $STRC raises >$500m in a week and does more than $1bn in trading volume. Not bad for a 8 month-old fixed income product during a Bitcoin bear market. I also predict these numbers will 10x within 24 months. You're not bullish enough.

JUST IN: $5 TRILLION NVIDIA-BACKED STARCLOUD JUST ANNOUNCED IT WILL BE THE 1st COMPANY TO MINE #BITCOIN IN SPACE BTC IS INTERGALACTIC MONEY 🚀

Want bitcoin exposure in you ISA or pension in the UK? Invest in @smarterwebuk . Up 1200% since IPO only 10 months ago. 🚨Not financial advice 🚨

🟠 Capital B is the nuclear reactor of European hyperbitcoinization⚡️⚡️⚡️

Shall we do a health check on the Bitcoin Treasuries? We were told that there would be forced liquidations if the Bitcoin price crashes due to the levels of leverage being used. Let's see what actually happened. I'm going to be using a basket of 5 companies across different jurisdictions that I would describe as the most prominent in the space. I'm calling it the B5 Index. 1) Strategy 🇺🇸 2) Strive 🇺🇸 3) Metaplanet 🇯🇵 4) Capital B 🇫🇷/🇪🇺 5) Smarter Web 🇬🇧 Let's start with Strategy. They have not sold any Bitcoin and since the start of the year have acquired 40,861 Bitcoin and have more than $2bn in USD reserves aka ~30 months of dividend coverage. Balance sheet stronger than ever. Leverage = 12% Amplification = 33% Next up we have Strive. They have also not sold any Bitcoin and since the start of the year have acquired 5,505 Bitcoin with most coming from the successful acquisition of Semler. They have raised $225mil from the SATA offering which has allowed them to retire most of the debt and stack more Bitcoin. Leverage = 1.1% Amplification = 47.8% Moving on to Metaplanet. No Bitcoin sold. Since the start of the year they haven't bought any but on Dec 30th they announced a 4,279 Bitcoin purchase. They also announced a $137 million equity raise at a premium less than 2 weeks ago. Expecting more announcements soon. Leverage = 14.4% On to Capital B. Again, no Bitcoin sold. Just 5 Bitcoin purchased since the start of the year. Not much activity as to be expected given the market conditions but the company has maintained one of the highest mNAV premiums in the space. A dual BTC/FIAT reserve means that the company is very resilient. Leverage = 0% Finally we have Smarter Web. No Bitcoin sold. 10 Bitcoin acquired since the start of the year. Again, similar to Capital B in that market conditions heavily dictate activity for the smaller treasuries. Uplisting to the London Stock Exchange was completed, setting the company up for further expansion. Leverage = 0% Conclusion... It appears that the only thing that changed was share prices. Leverage is very low across the board with the FUD about a "deleveraging event" greatly exaggerated. If anything, these companies are in a much stronger position and have continued to build despite poor market conditions. Once Bitcoin starts performing again then expect share prices to reflect this. Bullish.

Today we listed @smarterwebuk on the London Stock Exchange. Honored to join @asjwebley in pressing the button The lady from LSE said if we don’t press it at exactly the right time, the stock exchange won’t start trading. She was joking, we think Onward and upward! 🎉🧡🫡

The Smarter Web Prospectus. Before I get into it, just want to say it's truly remarkable how far we have come in such a short space of time. You shouldn't marry your investments of course, but as an IPO investor and someone who has spent a ridiculous amount of time covering the stock and help building the community, I feel proud. Anyway... If you haven't read a prospectus before, you may be surprised by the tons of legalese. This is standard. The regulators and lawyers will always take their pound of flesh. I do find it funny that they are this stringent but you can go to the local Paddy Power and bet your life savings on a horse called The Flying Ham and no one will bat an eyelid. I digress. On to the interesting/relevant bits: 1) Books are clean. No debt. Happy everyone including Andrew got a pay rise. 10 employees. Extremely lean operations. The operating business no longer covers everything, more on this in a bit. That being said... I'd argue out of all the relevant Bitcoin Treasuries, Smarter Web has the leanest and cleanest books. Some other companies have like $400mil pay packages and all that. Wild. 2) I didn't realise there were 3 custodians. Pretty nice and diversified. Have experience with all 3, solid. 3) £1.5mil to uplist to LSE, glad that's done. 4) Malta subsidiary makes sense for tax purposes and operational flexibility. 5) 10% of shares for employee incentives etc is a good move but should be managed carefully. Full trust in Andrew and team to do so. 6) Acquisitions are on the cards, which is probably needed to cover the costs of the operating expenses going forward. I will say this needs to be done extremely carefully. Acquisitions can ruin a company. Saylor is not fond of them for such reasons. I'd still prefer a CSP strategy that Metaplanet do to generate income but recognise this might not be the best options for SWC given tax and regulations etc... Guess we'll see. Overall, nothing too surprising but it certainly is a big milestone for the company. I might have missed something but again, this was just a first read. 3rd of Feb is LSE day. Good job @asjwebley @smarterwebuk.

Very happy to see the ATM for Smarter Web. Just a few thoughts... 1) I think it's important to raise capital even at a whisker above 1 mNAV until we reach Prefs. 2) It would also be prudent to start building our own "GBP Reserve" for things like share buybacks and eventual Prefs coverage... also gives SWC optionality and adds resilience to the balance sheet. 3) The gap between Smarter Web and the other UK companies is only ever growing. SWC's ability to raise capital is simply unmatched. Alongside the ATM, I'm really looking forward to the days when Andrew can raise capital again in a few weeks after the uplisting to the LSE is complete. A FTSE SmallCap eligible company on the main market will make this all a lot easier. Honestly with Saylor backing away from the UK there's a serious opportunity here for SWC. One final thing... Trading212 (UK's Robinhood equivalent for the non-UK people) will be able to finally have Smarter Web on the platform which is a massive plus. We're so back. ₿ullish.

I want to shed light on what FTSE SmallCap index inclusion means for Smarter Web. TL:DR - Passive flows are coming for SWC. The FTSE SmallCap Index includes companies ranked from roughly 351st to 619th largest on the London Stock Exchange's Main Market. Some things to consider: 1) The FTSE SmallCap index has a market cap north of £50 billion with the largest company included having a market cap of £478 million. Smarter Web market cap = ~£192 million and is Britain's 460th largest company as of writing. 2) FTSE small caps are included in broader world indexes like the FTSE Global All Cap Index and FTSE Global Total Cap Index, which cover large, mid, and small-cap stocks across developed and emerging markets. Specific indexes, such as the FTSE Global Small Cap Index, also exist to track only small and micro-cap companies worldwide. 3) At ~£530 million market cap, Smarter Web would qualify for automatic inclusion into the FTSE 250. This is not a political process like the S&P 500 so there's a real possible SWC could end up in the FTSE 250 before MSTR is in the S&P 500. All of this summates to a perpetual passive bid for Smarter Web shares that we haven't seen before I believe that Smarter Web will fly through the ranks very quickly because that is the power of Bitcoin. Saylor has given SWC the green light to win the UK. A new phase begins for the company.

You will not see the British financial media talk about this, but today we had news about one of the most significant events in recent history in British Equity Markets. Smarter Web has announced its intention to list on the London Stock Exchange. This is a company that IPO'd on the Aquis Exchange in April 2025 at a £3.7 million market cap and is now trading at a ~£150 million market cap. It raised more than £200 million in 2025, more than the entire London Stock Exchange put together. It was also the best performing British equity in 2025. The move to the London Stock Exchange is very important for the following reasons: -Greater exposure and market coverage. -Access to institutional investors. -Passive inflows of capital (SWC qualifies for the FTSE SmallCap Index). -Higher valuation potential. -Increased liquidity. The company is no longer just a speculative growth "bubble", it will be seen as mature and institutionally investable. The company will inevitably go into the FTSE 250 and then FTSE 100. Inclusion is AUTOMATIC at a certain rank and market cap, it is not political like the S&P 500. Not much positive news coming out the UK these days but this is certainly one of them. I predict Smarter Web will be the best performing British equity over the next 5 years and that it will go from a £150 million market cap to £15 billion by the end of 2030. Very bullish on $SWC.AQ / $TSWCF.

This is significant. @Le_Revenu is France’s leading traditional personal finance media, partnering with Capital B @_ALCPB for a French Bitcoin-focused weekly livestream edition to understand Bitcoin capital markets and position for it in the best way. Join us! 🇫🇷🇪🇺🟠

Happy First Bitcoin Halving Day ⚡️ Exactly 13 years ago on November 28, 2012, Bitcoin underwent its first halving, trading at about $12. Since then, the price has risen by more than 740,000%. The only thing better than Bitcoin is more Bitcoin 🟠

Turn and ₿urn

TELL EVERYONE YOU KNOW: BOYCOTT JPMORGAN. JEFFREY EPSTEIN’S BANKER HATES BITCOIN AND IS GOING TO WAR WITH ANYONE WHO TRIES TO BUILD AROUND IT. ADVANCE. ONWARD!

@BritishHodl I‘m with you, brother.

BTC dropped to $80k and is down about 39% from its October high of $126k. This drawdown is now on par with what we saw from January to April of this year, then again in March to August of 2024. This is the fastest oversold streak for Bitcoin we've seen since January 2022 as well- which means we are DUE for a bounce. Combined stablecoin dominance shot up above my "Bear Market Zone" rectangle yesterday, confirming that we are in a bear market. So how does this factor into my expectations for a bounce? We saw a similar choppy period in early 2022 when the bear market first got started, and I expect the same thing to happen again. But because combined stablecoin dominance shot up so high, it tells me that any bullish reversal bounce we get will most likely be a bull trap. I'm still expecting more bullish upside continuation for STRK and NIBI, since they both have valid TBO Breakouts on their daily time frames. BCH printed a strange bullish candle yesterday amid all of the bearish selling, and also printed a TBO Close Short to boot. LTC, WLFI, HNT and QNT are all at valid price points where a bounce here would make sense. ZEC and KAS are both looking strong bearish with new TBT Bearish Divergences to watch, which predict bearish reversals to come. BNB has yet to tag its daily TBO Fast line after printing its TBO Close Long in late October. But more importantly, it lost significant support on Wednesday and is falling as a result. Pay close attention to CRO, SOL, COAI, MORPHO, 2Z and 0G over the weekend.

Very Important video from Tom Lee Today --------------------------------------------- 1. On Oct 10, the flash crash destroyed the Balance sheet of the market makers. 2. Because of this reduced liquidity, positions are "Auto De-levered (ADL), which means traders are force-closed because someone else blew up so badly that the insurance fund couldn’t cover the loss. 3. This is a "glitch" in the way leveraged perps work of CEXs. This could take another few weeks to resolve 4. In the interim, even though there is massive cash on the sidelines, it stands waiting 5. Tom Lee thinks the recovery could be even faster than the drift down. youtube.com/watch?v=QCS1-U…