The Smarter Net Firm has disclosed that it held 2,664 Bitcoin in its company treasury as of December 31, 2025. The replace got here in a year-end publish shared by Chief Government Officer Andrew Webley. He’s providing a snapshot of the corporate’s monetary place because it heads into 2026. The disclosure locations the London-listed agency among the many largest public Bitcoin holders in the UK. The replace additionally follows a yr marked by frequent capital raises, regular Bitcoin purchases and rising buying and selling exercise throughout a number of markets.
Yr-Finish Snapshot Reveals Treasury Progress
In line with the year-end abstract, Smarter Net Firm ended 2025 with 2,664 Bitcoin on its stability sheet. The snapshot listed a share value of 33 pence and a completely diluted mNAV of 0.71. It additionally reported 682 satoshis per absolutely diluted share. That makes use of a reference Bitcoin value of $88,500.
The Smarter Net Firm Snapshot: New Yr’s Eve 2025.
* Share value: 33p
* mNAV (absolutely diluted): 0.71
* Bitcoin held in treasury: 2,664
* Sats per share (absolutely diluted): 682
* Bitcoin value: $88,500We’re very a lot trying ahead to 2026, with a busy Q1 already deliberate.… pic.twitter.com/D34BFd2wGO
— Andrew Webley (@asjwebley) December 31, 2025
The corporate trades on the Aquis Alternate in London. Additionally it is listed on OTCQB in the US and in Frankfurt. The CEO mentioned the agency has a busy first quarter deliberate for 2026. Though no particular particulars had been shared.
Capital Raises Supported Bitcoin Accumulation
All through 2025, Smarter Net Firm introduced a collection of subscription agreements and placings. These ranged from smaller capital injections to bigger fundraisers. Together with a £9.7 million gross putting in October. A number of regulatory bulletins throughout the yr confirmed that proceeds from these offers had been used to assist Bitcoin purchases and normal operations. The corporate additionally highlighted the creation of a Bitcoin-denominated convertible bond. It’s described as a primary within the UK market. In December, the corporate confirmed a brand new subscription settlement for an extra 50 million extraordinary shares. This adopted earlier updates that confirmed regular inflows of capital throughout the second half of the yr.
CEO Displays on First Eight Months as a Public Firm
In a separate end-of-year message, Webley mirrored on the agency’s first eight months since its IPO. He mentioned Smarter Net Firm’s share value had risen sharply since admission. Whereas Bitcoin holdings grew to greater than 2,600 cash. He additionally famous that 2025 was not a simple yr for Bitcoin in pound phrases, with costs down year-to-date. Nonetheless, he argued that the main target remained on constructing a long run construction. Quite than reacting to short-term value actions. Webley emphasised that the corporate operates with a intentionally lean group. With an actual working enterprise alongside its Bitcoin treasury technique. He described this mix as a key differentiator going into 2026.
Focus Shifts to 2026 Execution
Wanting forward, Smarter Net Firm mentioned its precedence is to proceed scaling its operations. Whereas growing Bitcoin per share over time. The CEO described 2025 as a foundational yr that set the groundwork for future progress. Because the calendar turns, traders are more likely to watch how the agency balances additional capital raises. Together with Bitcoin accumulation and enterprise growth within the yr forward.




