UK bitcoin treasury firm The Smarter Web Company lists MORE preference shares on LSE with 12% yield
- —MORE preference shares started trading on the LSE on October 14
- —Initial annualised dividend yield is 12% on a £100 reference amount
- —Dividends are paid on a weekly basis
- —The yield is variable and may be adjusted by the board
Why it matters: It broadens the financing toolkit for bitcoin treasury companies and offers investors a yield product tied to a BTC strategy.
Source: Bloomingbit