The Smarter Web Company raises £ 19.7 million to continue advancing its Bitcoin reserve strategy

According to BlockBeats, on July 28th, The Smarter Web Company, a UK listed company, released an RNS announcement: the latest progress in issuing and subscribing shares - raising £ 19.7 million. Out of the total 14 million ordinary shares issued in this round, 6057914 have been successfully allocated. The funds raised from this additional share issuance amount to £ 19680874 (excluding related expenses), equivalent to approximately £ 3.25 per share. The company will receive approximately 97% of the funds settlement at the beginning of this week. BlockBeats previously reported that on July 25th, The Smarter Web Company announced an increase in its holdings of 225 bitcoins, with an average increase price of approximately $118076. Its total holdings have risen to 1825.