The Smarter Web Company raised 21 million USD through Bitcoin-denominated bonds. Fully subscribed with backing from Tobam, the bond can be converted to shares at 5% over current market rates, with a plan to issue 7.7 million new shares.
Bond repayments depend on Bitcoin prices, allowing the Smarter Web Company to increase its BTC holdings without diluting share value significantly. The current strategy positions the company for growth in the evolving market.
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