The company raised £19.7 million by issuing 14 million shares, while also purchasing 225 Bitcoins to enhance its digital asset portfolio.
The Smarter Web Company successfully raised £19.7 million through the placement of 14 million new ordinary shares, selling 6,057,914 shares at approximately £3.25 each. The company plans to receive about 97% of the funds this week. Additionally, it purchased 225 Bitcoins at an average price of $118,076, increasing its total holdings to 1,825 Bitcoins.