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      UK Bitcoin treasury company The Smarter Web Company conditionally raises £10 million, part of funds to be used to increase BTC holdings

      PANews reported on October 12, citing Investegate, that UK Bitcoin treasury company The Smarter Web Company said it has conditionally raised £10 million (about $13.2 million) through a preference share issuance, of which approximately £4 million (about $5.3 million) in net proceeds will be used to further purchase Bitcoin.

      The relevant preference shares are expected to begin trading in London on October 14, with an initial annual dividend rate of 12%, paid weekly.


      Source: PANews
      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud