The Smarter Web Company (#SWC | TSWCF | 3M8.F) today launched Smarter Convert—a $21 M, interest-free, Bitcoin-denominated convertible bond fully subscribed by TOBAM, featuring:

• 98% downside protection if unconverted after 12 months

• Conversion at a 10% premium to a £1.95 reference share price

• Forced conversion if shares trade >50% above the strike for 10 days

This marks the UK’s first #BTC-backed capital raise of its kind, adding a new, flexible funding layer to SWC’s Bitcoin treasury strategy