News linked to both this project and an event.
Bitcoin Treasuries posted on X that The Smarter Web Company has launched the inaugural offering of its Bitcoin-backed preferred shares MORE to institutional and retail investors, with an expected listing on the Main Market of the London Stock Exchange on October 14. The initial offering price is £90, approximately $119, with an annual dividend yield of 12%, paid weekly.
Odaily News: UK-based Bitcoin treasury company The Smarter Web Company has received shareholder approval to launch MORE, the UK's first Bitcoin-backed preferred stock. In addition, the company expects to raise $20 million to $33 million through an IPO to purchase more Bitcoin and fund cash-flow-generating operating businesses. (Bitcoin Treasuries)
Odaily News: BitcoinTreasuries.NET posted on X that after The Smarter Web Company announced plans to launch the UK's first Bitcoin-backed preferred stock, its shares TSWCF rose more than 36% over the past week.
Odaily reports: The company plans to issue perpetual preferred shares under the ticker MORE, with a fundraising target of £15 million to £25 million and a minimum raise of £10 million. Listing admission requires support from three market makers. Holders will receive cumulative weekly dividends and liquidation preference but will not have voting rights, and the company may redeem the shares. As of mid-2026, SWC held 2,878 Bitcoins; following High Court approval of its capital reduction, the company has £132.5 million in distributable reserves available for payment.
Odaily News: The Smarter Web Company has announced plans to launch the UK's first Bitcoin-backed preferred shares, subject to shareholder approval. The company expects to raise $20 million to $34 million through a potential IPO, to be used for increasing its Bitcoin holdings and acquiring cash-flow-generating operating businesses.
According to The Block, TD Cowen lowered The Smarter Web Company's target price from £1 to £0.64, maintaining a buy rating. The analyst cited factors such as revised Bitcoin price forecasts, recent treasury activities, and updated dilution assumptions, while noting that the company's Q2 Bitcoin holdings increased from 2,699 BTC to 2,878 BTC. The stock closed up 2% last Friday at £0.29.
BitcoinTreasuries.NET posted on X platform, stating that The Smarter Web Company has completed a $282 million capital reduction, marking a significant step forward in its issuance of the UK’s first Bitcoin-backed perpetual preferred stock, which has a maximum dividend payment capacity of $178 million.