The Block (@TheBlockCo): THE BLOCK: UK bitcoin treasury firm The Smarter Web Company has conditionally raised £10 million ($13.2 million) through a preferred share offering, w…
Estimated coin impact
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- BTC+12Positive
THE BLOCK: UK bitcoin treasury firm The Smarter Web Company has conditionally raised £10 million ($13.2 million) through a preferred share offering, with £4 million ($5.3 million) in net proceeds earmarked for additional bitcoin $BTC purchases. The preferred shares are expected to begin trading in London on Oct. 14, carrying an initial annual dividend rate of 12%, payable weekly.