The Smarter Web Company’s stock has risen more than 36% over the past week after announcing plans for what would be the United Kingdom’s first sterling-denominated preferred shares backed by a Bitcoin treasury. The latest report identifies the stock as TSWCF, while the existing company record identifies its London Stock Exchange ticker as SWC. The proposed perpetual instrument, called MORE shares, would be listed on the LSE Main Market, with the company targeting £15 million to £25 million in gross proceeds and a £10 million minimum. Smarter Web plans to use the funds to expand its existing Bitcoin holdings under management’s 10-Year Plan. The shares would rank between debt and ordinary equity, offering a cumulative variable-rate weekly preferential dividend and priority over ordinary shareholders in a liquidation, but no voting rights. A July 2026 High Court ruling approved a £210 million reduction in the company’s share premium account, releasing about £132.5 million in distributable reserves that support dividend capacity. The offering remains subject to Financial Conduct Authority approval of a prospectus and an ordinary-shareholder vote scheduled for September 28, 2026. Smarter Web holds approximately 2,878 BTC, described as the largest publicly disclosed Bitcoin position among UK-listed corporations. TD Cowen raised its price target from £0.64 to £0.73 on September 14, 2026, implying roughly 90% upside from the recent share price of about £0.385. The move positions Smarter Web as an early UK-listed company using Bitcoin collateral in a traditional equity structure.