Podcast Summary: BTC245: The Next Metaplanet? (Smarter Web Company) with Jesse Myers and Andrew Webley

Release Date: July 30, 2025
Podcast: We Study Billionaires - The Investor’s Podcast Network
Hosts: The Investor's Podcast Network (Stig Brodersen, Preston Pysh, William Green, Clay Finck, Kyle Grieve)

1. Introduction

In this episode of the Bitcoin Fundamentals series, host Preston Pysh welcomes returning guests Jesse Myers and Andrew Webley to discuss the burgeoning landscape of Bitcoin treasury companies, focusing on Smarter Web Company — one of the UK's fastest-growing public firms embracing a Bitcoin-native balance sheet.

2. The Rise of Smarter Web Company

Jesse Myers introduces Smarter Web as a standout Bitcoin treasury company in the UK, rapidly ascending in market valuation by leveraging a Bitcoin-native strategy.

Andrew Webley elaborates on the company's background:

“[05:34] Andrew: ...we listed it on the stock market after approximately four months of quite hard work. Since then, we've grown the business by increasing the balance sheet, raising additional capital on beneficial terms, and accumulating Bitcoin as a core asset.”

Smarter Web has achieved remarkable growth, boasting a market capitalization of approximately £1 billion ($1.4 billion) within just a few months of its public listing. This rapid ascent is attributed to its strategic accumulation of Bitcoin and effective capital management.

3. Valuation Models and M NAV

A significant portion of the discussion centers around alternative valuation metrics, particularly Multiple of Net Asset Value (M NAV).

Andrew Webley explains:

“[11:30] Andrew: ...our M NAV is currently around six, floating between five to eight. While a high M NAV might suggest a company is expensive, it indicates strong demand and provides opportunities to raise additional capital to further grow the business.”

Jesse Myers draws parallels to traditional Price-to-Earnings (PE) ratios:

“[13:26] Jesse: ...a Bitcoin treasury company is delivering value by accumulating Bitcoin per share, akin to how companies like Apple are valued based on their earnings potential.”

This innovative valuation approach contrasts with traditional methods, offering investors a new lens through which to assess company value based on Bitcoin holdings rather than conventional financial metrics.

4. Comparison with MetaPlanet and Strategy

Jesse Myers compares Smarter Web to pioneering companies like MetaPlanet and Strategy (formerly MicroStrategy):

“[10:15] Jesse: ...Smarter Web is currently the best-performing public company in the UK in 2025, following the footsteps of MetaPlanet, which was the top performer in 2024.”

Andrew Webley highlights the advantages of being an early entrant in the UK market:

“[22:21] Andrew: ...as we grow, we attract different types of investors. Initially, we're appealing to growth-oriented investors, but as we expand, our investor profile becomes more diverse and less risky.”

This comparison underscores Smarter Web's strategic positioning within the Bitcoin treasury sector, leveraging lessons from successful predecessors to fuel its growth trajectory.

5. Growth and Bitcoin Accumulation Strategy

A core strategy for Smarter Web is the rapid accumulation of Bitcoin, enhancing the company's balance sheet and shareholder value.

Jesse Myers emphasizes the speed and efficiency of Smarter Web's Bitcoin acquisitions:

“[20:12] Jesse: ...in the last seven days, we've accumulated 65% more Bitcoin, reaching a total of 1,275 Bitcoins. This rapid growth is unparalleled compared to larger companies like MicroStrategy.”

Andrew Webley adds:

“[26:02] Andrew: ...our Bitcoin accumulation rate allows us to grow our holdings significantly faster than larger counterparts, positioning us as a leader in the Bitcoin treasury space.”

This aggressive Bitcoin acquisition not only boosts the company's asset base but also amplifies its valuation through the M NAV metric.

6. Investor Profiles and Lifecycle

The discussion delves into the evolving investor profiles as Bitcoin treasury companies grow.

Andrew Webley explains:

“[25:40] Andrew: ...as our market cap increases, we attract institutional investors who seek less volatile investments, unlike the initial high-growth, high-risk profiles of smaller companies.”

Jesse Myers concurs, noting the shift in investor sentiment as companies mature:

“[33:08] Jesse: ...there's a race to establish dominance in each capital market, with Smarter Web leading in the UK by a substantial margin.”

This evolution reflects the natural lifecycle of Bitcoin treasury companies, transitioning from niche growth entities to more established players attracting a broader investor base.

7. Liquidity and Financing Solutions

Smarter Web employs innovative financing mechanisms to support its Bitcoin accumulation strategy.

Andrew Webley describes their approach:

“[26:45] Andrew: ...we have developed an ATM-style facility allowing the company to sell stock through a third party on every update, enhancing liquidity and capital flow.”

Additionally, the company plans to introduce various equity products, such as preference shares with fixed dividends, to diversify funding sources and cater to different investor preferences.

8. Preferred Stock and Dividends

A significant focus is placed on the potential of preferred stock as a financing tool for Bitcoin treasury companies.

Jesse Myers discusses the attractiveness of preferred shares:

“[49:20] Jesse: ...preferred stock can offer 8-10% dividends, providing a compelling income stream for investors compared to traditional bonds or equities.”

Andrew Webley elaborates on the strategic issuance of preferred stock:

“[56:22] Andrew: ...we've issued approximately 4% of our balance sheet as preferred stock, offering products like fixed dividends and convertible options to appeal to a wide range of investors.”

This strategy not only raises capital but also aligns investor interests with the company's long-term Bitcoin accumulation goals.

9. Future Prospects and Market Dynamics

Looking ahead, both Jesse and Andrew express optimism about the continued growth and institutional adoption of Bitcoin treasury companies.

Jesse Myers predicts:

“[36:53] Jesse: ...Bitcoin treasury companies will continue to attract capital from overvalued traditional markets, driving further growth and valuation.”

Andrew Webley adds:

“[35:36] Andrew: ...with a strong balance sheet and strategic Bitcoin accumulation, Smarter Web is poised to become a leading player in the future of financial institutions.”

They anticipate that these companies will play a pivotal role in reshaping capital markets, offering a robust alternative to traditional investment vehicles.

10. Conclusion

The episode concludes with a call to action for listeners to explore more about Smarter Web Company and engage with their growing community.

Andrew Webley directs listeners to:

“[61:09] Andrew: ...visit our website at www.smarterwebcompany.co.uk or connect with me on X (formerly Twitter) @AJWebley for more information.”

Jesse Myers emphasizes the importance of recognizing the transformative potential of Bitcoin treasury companies:

“[62:54] Jesse: ...now is the time to pay attention and seize the opportunities presented by this innovative investment paradigm.”

Notable Quotes

• Andrew Webley [05:34]: "...we listed it on the stock market after approximately four months of quite hard work. Since then, we've grown the business by increasing the balance sheet, raising additional capital on beneficial terms, and accumulating Bitcoin as a core asset."

• Jesse Myers [13:26]: "...a Bitcoin treasury company is delivering value by accumulating Bitcoin per share, akin to how companies like Apple are valued based on their earnings potential."

• Andrew Webley [26:45]: "...we have developed an ATM-style facility allowing the company to sell stock through a third party on every update, enhancing liquidity and capital flow."

• Jesse Myers [49:20]: "...preferred stock can offer 8-10% dividends, providing a compelling income stream for investors compared to traditional bonds or equities."

• Andrew Webley [35:36]: "...with a strong balance sheet and strategic Bitcoin accumulation, Smarter Web is poised to become a leading player in the future of financial institutions."

Final Thoughts

This episode provides an in-depth exploration of the innovative strategies employed by Bitcoin treasury companies like Smarter Web. By integrating Bitcoin into their core financial structure, these companies offer a novel investment avenue that leverages the digital asset's growth potential while navigating traditional market challenges. Jesse Myers and Andrew Webley offer valuable insights into the mechanics, benefits, and future prospects of this emerging sector, making it a must-listen for investors interested in the intersection of cryptocurrency and traditional finance.

To Learn More:

• Smarter Web Company Website: www.smarterwebcompany.co.uk
• Andrew Webley's Twitter (X): @AJWebley

This summary is intended for informational purposes only and does not constitute financial advice. Please consult a professional before making any investment decisions.