PANews reported on April 27th that, according to The Block , brokerage TD Cowen reiterated its "buy" rating on London Stock Exchange-listed Smarter Web Company , stating that it remains the only large-scale, institutionally accessible Bitcoin vault company in the UK. The report states that the company recently increased its Bitcoin holdings by approximately £ 57,000 (about $ 77,000 ), lowering its marginal cost. It currently holds approximately 2,750 BTC , making it one of the largest listed companies in the UK in terms of Bitcoin holdings. Its average Bitcoin purchase price was approximately $ 111,000 ; based on the current price of approximately $ 77,600 , this represents a paper loss of approximately $ 91.1 million, a drop of about 30% . TD Cowen maintains its target price of £ 1 , based on a scenario where the Bitcoin base price is $ 140,000 by the end of 2026 , and believes that such listed Bitcoin vault assets remain scarce and operationally flexible in the UK market.