Wu Blockchain (@WuBlockchain): UK-listed Smarter Web Company has announced the issuance of a $21 million Bitcoin-denominated convertible bond, fully subscribed by institutional inve…
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UK-listed Smarter Web Company has announced the issuance of a $21 million Bitcoin-denominated convertible bond, fully subscribed by institutional investor TOBAM. The zero-coupon bond allows conversion into equity at a 5% premium and caps Bitcoin purchases at 30% of the proceeds. This marks the first such financing in the UK market. https://t.co/9cVWZjzjMy