Odaily Planet Daily reports: The Smarter Web Company has announced a conditional fundraising of £10 million (approximately $13.2 million) through the issuance of preferred shares, with approximately £4 million (approximately $5.3 million) in net proceeds allocated for further Bitcoin purchases. The related preferred shares are expected to begin trading in London on October 14, with an initial annual dividend rate of 12%, paid weekly.
The Smarter Web Company to Raise £10M, Allocate $5.3M for Bitcoin Purchase
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Summary
The Smarter Web Company announced a conditional £10 million ($13.2 million) fundraising through preferred shares, with £4 million ($5.3 million) allocated for Bitcoin-related news acquisitions. The shares will begin trading in London on October 14, offering a 12% annual dividend rate paid weekly. Investors are also advised to monitor altcoins, as market activity remains robust.
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