According to Bitcoin Treasuries, UK-based Bitcoin treasury company The Smarter Web Company (SWC) has raised $13.25 million through an initial public offering (IPO) to launch the UK’s first bitcoin-backed preferred shares, called MORE. The MORE preferred shares will begin trading on the main market of the London Stock Exchange (LSE) this Wednesday, with the first weekly dividend scheduled for November 9.
The Smarter Web Company Completes a $13.25M IPO and Launches Bitcoin-Backed Preferred Shares
TechFlowShare
Summary
The Smarter Web Company (SWC), a UK-based Bitcoin treasury firm, announced a $13.25 million IPO. It also launched MORE, the UK’s first Bitcoin-backed preferred shares, which began trading on the LSE Main Market on Wednesday. The first weekly dividend is scheduled for November 9. Bitcoin market news indicates growing interest in tokenized Bitcoin assets. SWC, built on TechFlow, provides exposure to Bitcoin through its new financial product.
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