BTC245: The Next Metaplanet? (Smarter Web Company) w/ Jesse Myers and Andrew Webley

You're listening to TIP. Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals podcast. In this episode, we dive into the rise of Bitcoin treasury companies with the spotlight on a company called Smarter Web, one of the UK's fastest growing public firms embracing a Bitcoin native balance sheet. Andrew and Jesse, who's been on the show a bunch of times, join me to break down SmarterWeb's rapid ascent, how valuation models like MNAV are changing investor expectations, and why preferred stock backed by Bitcoin may become the next frontier. We also explore what it takes to become the dominant Bitcoin treasury company,

in a global market, still waking up to the opportunity. Okay, so as a Warren Buffett and Ben Graham student for many years, one of the things that I learned in that process was this Ben Graham was really big on growth companies versus value companies. And Ben's biggest issue with a growth company was how do you know at what a level is a pertinent level to pay for it? And when you look at some of these treasury companies, like the one we're talking about today, it just reminds me of this quandary or this dilemma that Ben Graham faced. Is because if if that growth dies down, is the premium that you paid, you're going to kind of get obliterated in it.

And so when I look at this company and the discussion that you're about to hear, this is first and forefront in my mind. And, you know, you can look at MetaPlanet and you can see the huge premium that's being paid over the MNAV of the company and it continues to persist, but it's very volatile. And so I just caution, I just I want to put this discussion point right here in the intro for people because they're going to listen to this conversation. They might get really excited about this company.

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