SWC issues 1.9 million shares at £1.93 each, with speculation that proceeds may be used for Bitcoin acquisition.
The Smarter Web Company (SWC) has raised £3.7 million ($5 million) through a subscription offering, issuing 1,898,201 shares at £1.93 each. While the company has not disclosed the specific use of funds, there is speculation that part of the proceeds may be allocated for Bitcoin purchases. The offering, completed between August 11 and 22, is expected to yield 97% of the net proceeds for SWC.