▲ Bullish
The Smarter Web Company, a UK Bitcoin custody firm, has conditionally raised £10 million (approximately $13.2 million) through the issuance of preferred shares.
Of the net proceeds, approximately £4 million (around $5.3 million) will be allocated for further Bitcoin purchases. The preferred shares are set to begin trading in London on October 14th, offering an initial annual dividend rate of 12%, paid weekly.
Reporting aggregated and summarized by CLOM — research & education, not financial advice.