A UK-based technology firm introduces one of the first Bitcoin-denominated convertible bonds, with a three-year term fully subscribed by Tobam, signaling innovative corporate finance and growing institutional Bitcoin adoption.
The Smarter Web Company announced the launch of a groundbreaking $21 million, three-year Bitcoin-denominated convertible bond, with Bitcoin trading around $114,000. The fully subscribed offering by French asset management giant Tobam underscores a new phase in corporate Bitcoin adoption and innovation in financial instruments.