Exchanges· ★★★· bullish·

Smarter Web Company jumps 36% on Bitcoin-backed preferred share plan

  • Smarter Web holds about 2,878 BTC — the largest public Bitcoin position among UK companies
  • The MORE offering targets £15–25 million, with a £10 million minimum, all proceeds going to BTC purchases
  • A July 2026 High Court ruling cut the share premium by £210 million, unlocking £132.5 million in distributable reserves
  • TD Cowen raised its price target from £0.64 to £0.73; a shareholder vote is set for September 28, 2026
Why it matters: The UK's first Bitcoin-backed preferred share issuance could become a template for other European companies accumulating BTC.
Source: Crypto Briefing