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      Smarter Web Company Launches Bitcoin-Backed Preferred Stock on London Stock Exchange

      The Smarter Web Company, based in Bristol, England, has introduced a new financial product to the London Stock Exchange (LSE) with the launch of its Bitcoin-backed preferred shares, trading under the ticker MORE. These perpetual preferred shares began trading on October 14, 2026, and offer an initial annual dividend of 12%, paid weekly, which is a departure from the typical quarterly or semi-annual payouts seen in the UK income stock market.

      The shares were sold at £90 each during the initial public offering, raising a minimum of £10 million, with net proceeds expected to be around £8.35 million after costs. Approximately £4 million of these funds are allocated for further Bitcoin purchases. As of September 30, 2026, Smarter Web holds about 2,747 Bitcoin, acquired at an average cost of £82,562 per Bitcoin. The shares carry a £100 liquidation preference, meaning holders will be prioritized for payouts in the event of company liquidation.

      Smarter Web's strategy includes a formal Bitcoin treasury policy adopted in 2025, which has become integral to its corporate operations. The introduction of the MORE shares aims to attract income-focused investors by providing a steady income stream while also supporting the company's Bitcoin acquisition strategy. The first dividend payment of £0.2301 per share is scheduled for November 9, 2026, marking a significant milestone for the company and its investors.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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