London-based company raises over $37.1 million through oversubscribed share issuance
Information about the fundraising round from The Smarter Web Company
According to information from Bitcoin For Corporations on June 16, The Smarter Web Company (stock code: AQUIS: SWC), a publicly listed company in London, successfully raised £29.3 million through an oversubscribed share issuance. This raised amount is equivalent to approximately $37.1 million.
Use raised capital to increase Bitcoin reserves
Sources confirm that the raised capital will be used by the company to boost the Bitcoin accumulation process in its cryptocurrency reserves. This is a long-term strategy aimed at optimizing the value of digital assets and enhancing its position in the cryptocurrency market.
Capital raising strategy based on the stock market
Oversubscribed fundraising, meaning in the form of a share offering exceeding demand, indicates the company's attractiveness in the financial market. This move also reflects investor confidence in the company's long-term ability to accumulate and manage digital assets, especially Bitcoin.
Analyzing the company's potential in the cryptocurrency market
The successful fundraising is part of The Smarter Web Company's strategy to scale its operations, aiming to maximize profits from blockchain projects and develop services related to cryptocurrency. Through this, the company aims to become one of the strategic players in this field, especially as Bitcoin increasingly establishes its position as a primary store of value.
The impact of this issuance on the industry
The Smarter Web Company's success in fundraising somewhat reflects the positive trend in the cryptocurrency market. Traditional businesses and large investors are increasingly paying attention to accumulating Bitcoin to hedge against inflation and enhance long-term value. Thus, it is clear that this expansion contributes to strengthening community confidence in the potential of cryptocurrency as an innovative and profitable industry.
Source: https://tintucbitcoin.com/the-smarter-web-huy-dong-371-trieu-usd-von/
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