📰 UK Bitcoin treasury company The Smarter Web Company has conditionally raised £10 million through a preferred share offering. The company plans to use around £4 million of the net proceeds to continue buying BTC.
🔥 The entire amount won’t go toward buying crypto; the source material doesn’t specify how the rest will be used. To be honest, the £4 million directly earmarked for increasing its BTC holdings matters more than the total raised.
💡 The preferred shares are expected to begin trading in London on October 14, with an initial annual dividend rate of 12%, paid weekly. For investors, it’s not just about whether the company buys BTC; they also need to weigh the dividend terms and how the company uses the funds going forward.
🤔 Do you find it appealing when a UK company raises funds through preferred shares and uses part of the proceeds to increase its BTC holdings?
#比特币 #BTC财库 #英国市场 #CryptoAssets
🔥 The entire amount won’t go toward buying crypto; the source material doesn’t specify how the rest will be used. To be honest, the £4 million directly earmarked for increasing its BTC holdings matters more than the total raised.
💡 The preferred shares are expected to begin trading in London on October 14, with an initial annual dividend rate of 12%, paid weekly. For investors, it’s not just about whether the company buys BTC; they also need to weigh the dividend terms and how the company uses the funds going forward.
🤔 Do you find it appealing when a UK company raises funds through preferred shares and uses part of the proceeds to increase its BTC holdings?
#比特币 #BTC财库 #英国市场 #CryptoAssets
