Shares in The Smarter Web Company (AQSE:SWC), the AIM-quoted Bitcoin treasury and digital services group, rose as much as 23% after chief executive Andrew Webley published a wide-ranging quarterly update on the niche investor forum ShareTalk, laying out an explicit case for why different categories of investor should consider the stock.
Webley argued that value investors may find opportunities to buy Bitcoin exposure at a discount through the company's shares, while hedge funds can use the stock for directional exposure and volatility, and retail investors and family offices can access long-term Bitcoin accumulation through a listed vehicle.
He added that ECM investors could participate in capital raises, digital asset managers seeking to outperform Bitcoin could exploit the stock's higher volatility, and ETF managers could include it in thematic baskets.
Webley acknowledged that Bitcoin fell approximately 25% in the first quarter, its worst opening quarter in eight years, but argued that sentiment indicators pointed to extreme bearishness, historically a signal that prices have troughed.
The company completed an uplisting to the London Stock Exchange main market.
Down more than a quarter since its elevation in February, the shares were changing hands for 30.88p, up 19%.