The UK bitcoin treasury company The Smarter Web Company raised $13.25 million through the issuance of preferred shares.

PANews October 12 news: UK Bitcoin treasury company The Smarter Web Company successfully raised $13.25 million through the issuance of preferred shares. $MORE will begin trading on the main market of the London Stock Exchange (LSE) this Wednesday, with the first weekly dividend scheduled for November 9. Of the funds, 46.08% will be used as working capital and for general corporate purposes, 47.93% will be used to purchase additional Bitcoin, and 5.99% will be used for operating business growth strategies.