The Smarter Web Company secures £19.7 million in funding to advance its Bitcoin reserve strategy
BlockBeats News, July 28 — UK-listed company The Smarter Web Company has released an RNS announcement: Update on the latest share placement — £19.7 million raised. Of the 14 million new ordinary shares issued in this round, 6,057,914 shares have already been successfully placed.
The funds raised from this portion of the new share issuance amount to £19,680,874 (before deducting related expenses), equivalent to approximately £3.25 per share. The company expects to receive settlement for about 97% of the funds at the beginning of this week.
As previously reported by BlockBeats, on July 25, The Smarter Web Company announced an additional purchase of 225 Bitcoins at an average price of approximately $118,076 per Bitcoin, bringing its total holdings to 1,825 Bitcoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
UBS lowers Western Digital's target price to $470
Report: Microsoft Will Mass Deploy Self-Developed AI Chips Next Year, Aiming for a 40% Improvement in Inference Efficiency
Microsoft plans to deploy the next-generation Maia 300 chips at gigawatt scale next year, with each megawatt producing 40% more tokens compared to mainstream GPU systems. Microsoft will prioritize using its own chips to support internal AI services, rather than renting out computing power, aiming to reduce reliance on Nvidia GPUs, lower inference costs, and improve AI business profit margins.
Crypto prices
More
