The Smarter Web Company raises £ 10 million to increase holdings of $5.3 million in Bitcoin

The Smarter Web Company, a Bitcoin treasury company, has conditionally raised £ 10 million, approximately $13.2 million, through the issuance of preferred shares, of which approximately £ 4 million, approximately $5.3 million, will be used to purchase Bitcoin. The related preferred shares are expected to begin trading in London on October 14th, with an initial annual interest rate of 12% and weekly payments.