Member Info for Peoplepower1

SWC has 1,000 bitcoin held plus about £53m cash plus another 11m shares to be sold through the subscription agreement which may raise another £50m at an average of say £4.50 a share or even more depending on the share price.

This gives SWC a total of about £80m in bitcoin held plus about £103m to buy more bitcoin which works out at about 1200 bitcoin.

This would mean SWC meeting its second target of 2,100 bitcoin very soon.

Third target is 21000 bitcoin.

Fourth target is 210,000 bitcoin, 1% of all bitcoin.

Maybe because SWC have hit their first target of 1,000 bitcoin and are on their way to their second target of 2,100 bitcoin.

Https://find-and-update.company-information.service.gov.uk/company/00092343

Gives you the info here.

I don't think it's a typo.

It's to do with the past names of SWC which were Teathers, Uranium Energy, I think it was, and a couple of other names where the first company was founded on March 1 1907.

Looks like the jump in bitcoin to over $111,000 has pushed the SWC share price in US market ticker code tswcf higher.

Closed at $5,67 which is about £4.19

Bitcoin jumped to $111,700

It works on mNAV for bitcoin treasury companies. mNAV is the market cap divided by the value of the number of bitcoin held plus any cash held.

mNAV of 5 or less is seen as attractive value.

MNAV at 10 may be seen as fully priced.

If the bitcoin price goes up, then this means the value of the number of bitcoin held is worth more.

It works on mNAV for bitcoin treasury companies. mNAV is the market cap divided by the value of the number of bitcoin held plus any cash held.

mNAV of 5 or less is seen as attractive value.

MNAV at 10 may be seen as fully priced.

If the bitcoin price goes up, then this means the value of the number of bitcoin held is worth more.

Bitcoin treasury companies are not rivals, they are all part of the same team, buying bitcoin.

It works on mNAV for bitcoin treasury companies. mNAV is the market cap divided by the value of the number of bitcoin held plus any cash held.

mNAV of 5 or less is seen as attractive value.

MNAV at 10 may be seen as fully priced.

I hope that helps Justin7, and yes, if the bitcoin price goes up, then this means the value of the number of bitcoin held is worth more.

Bitcoin companies like COIN, SWC, etc., help each other. They are not rivals. They are all part of the same team, buying bitcoin.

600m shares sold into the market on a Subscription Agreement/Offer, ATM, at maybe an average price of 30p would raise something like £180m and would buy about 2250 bitcoin.

I would think this would probably have to be done over a year.

I hope the 600m shares COIN wish to authorise will be used for ATM, Subscription Agreement/Offer.

For me, this is a much more efficient and cost effective way to raise money to buy bitcoin.

I think COIN need to start doing a Subscription Agreement, ATM, where they sell shares into the market at a higher price than the previous day, with no more than 20% traded of the total shares traded on the day.

This is what SWC are doing and have sold 7m shares into the market already with a further 14m shares to follow. This only costs SWC 3% of the net proceeds. And if SWC do this over a year then they can raise something like £300m which would buy them about 3,750 bitcoin.

COIN need to be doing this over a year too. COIN could raise something like £50m doing this, which would buy Coin about 625 bitcoin.

Https://en.cryptonomist.ch/2025/07/09/bitcoin-set-for-september-surge-is-bitcoin-hyper-the-best-meme-coin-to-buy-now/

Please read about bitcoin hyper

SWC finished on US Market at $5.30, about £3.91.

SWC ticker code for the US Market is tswcf, now at $5.11, about £3.78.

Was as high as $5.60, about £4.14.

Https://www.fxstreet.com/cryptocurrencies/news/what-is-crypto-week-and-how-will-top-cryptos-bitcoin-ethereum-and-solana-react-202507042305

Https://www.fxstreet.com/cryptocurrencies/news/what-is-crypto-week-and-how-will-top-cryptos-bitcoin-ethereum-and-solana-react-202507042305

Https://coinpedia.org/news/u-s-prepares-for-crypto-week-full-agenda-and-top-3-bills-revealed/

Https://coinpedia.org/news/u-s-prepares-for-crypto-week-full-agenda-and-top-3-bills-revealed/