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The Smarter Web Company Raises £1.18M Through Share Placement

UK-based Bitcoin treasury firm issues over 1.3 million shares at £0.89 each, securing funds to support operations under a September subscription agreement.

BTC

Summary

The Smarter Web Company, a UK-based Bitcoin treasury firm, completed a placement of 1,337,000 ordinary shares under a subscription agreement dated September 4, 2025, raising £1,185,771.81 before fees at about £0.89 per share. The firm expects to receive approximately 97% of settlement proceeds early this week, with 13,878,000 ordinary shares remaining unplaced under the agreement.

Terms & Concepts
  • Bitcoin Treasury Firm: A company that holds and manages Bitcoin as part of its corporate reserves or investment strategy.
  • Share Placement: The process of issuing new shares to investors, often under terms set by a subscription agreement, to raise capital.
  • Subscription Agreement: A legal contract outlining terms and conditions between a company and investors for purchasing newly issued shares.