The Smarter Web Company Boosts Bitcoin Holdings to 1,000 BTC Following £10.34M Financing Round
The post The Smarter Web Company Boosts Bitcoin Holdings to 1,000 BTC Following £10.34M Financing Round appeared on BitcoinEthereumNews.com. On July 9, The Smarter Web Company, a publicly traded British firm, successfully closed a subscription financing round raising £10.34 million before tax. The transaction involved the issuance of 3,182,013 new ordinary shares priced at £3.25 each, with the shares slated for listing on July 14. This capital injection will increase the company’s total issued shares to 259,649,448, resulting in a dilution of approximately 5.46% for existing shareholders, including board members. In a strategic move to bolster its cryptocurrency portfolio, The Smarter Web Company acquired an additional 226.42 bitcoins on July 7. This purchase elevates the company’s total bitcoin holdings to 1,000 coins, reflecting a cumulative investment of £78.22 million. This acquisition underscores the firm’s commitment to expanding its digital asset exposure amid evolving market dynamics. ‘, ‘
The post The Smarter Web Company Boosts Bitcoin Holdings to 1,000 BTC Following £10.34M Financing Round appeared on BitcoinEthereumNews.com.
On July 9, The Smarter Web Company, a publicly traded British firm, successfully closed a subscription financing round raising £10.34 million before tax. The transaction involved the issuance of 3,182,013 new ordinary shares priced at £3.25 each, with the shares slated for listing on July 14. This capital injection will increase the company’s total issued shares to 259,649,448, resulting in a dilution of approximately 5.46% for existing shareholders, including board members. In a strategic move to bolster its cryptocurrency portfolio, The Smarter Web Company acquired an additional 226.42 bitcoins on July 7. This purchase elevates the company’s total bitcoin holdings to 1,000 coins, reflecting a cumulative investment of £78.22 million. This acquisition underscores the firm’s commitment to expanding its digital asset exposure amid evolving market dynamics. ‘, ‘
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