Smarter Web Company plans perpetual preference shares on LSE to buy bitcoin
- —The target raise is £15–25 million, with a minimum of £10 million
- —MORE shares offer a cumulative floating weekly dividend with no voting rights
- —SWC holds 2,878 BTC, with £132.5 million available for payouts
- —At least three market makers and FCA approval are required
Why it matters: Another treasury company is seeking non-dilutive capital for its bitcoin strategy — a signal of demand for BTC through UK public markets.
Source: PANews