The Smarter Web Company completes £ 19.5 million financing to continue advancing its Bitcoin vault strategy

The Smarter Web Company, a London listed technology company, announced the completion of the issuance of 6.058 million new common shares in the current subscription round, raising a total of £ 19.68 million at an average issue price of £ 3.25 per share. The funds will be received early this week. The company plans to update the subscription progress every two weeks and initiate a new round of subscription agreements after the completion of a total of 14 million shares in this round. The company will adopt a Bitcoin vault policy from 2023 and currently holds a portion of its reserve assets in Bitcoin, treating it as a long-term stored value asset and using it to enhance shareholder returns.