UKโs The Smarter Web Company raises $56M days after big Bitcoin buy
UK-based The Smarter Web Company has made a multimillion-dollar raise just days after it purchased $20 million worth of Bitcoin to bring its holdings to over 540 BTC.
UK-based web design and marketing firm The Smarter Web Company has raised 41.2 million British pounds ($56.59 million), days after it purchased 196 Bitcoin to add to its growing holdings.
The firm said on Thursday that the raise came from institutional investors via accelerated bookbuild, a process where a company raises capital quickly, usually within one or two days, without any marketing push.
The Smarter Web Company raised 36.27 million British pounds ($49.8 million) with the bookbuild and a further 4.97 million British pounds ($6.82 million) by subscription. The offer price was 2.9 British pounds ($3.98) per share.
The company expects the stocks issued across both offerings will go into effect from July 1.
Raise comes days after holdings pass 540 Bitcoinย
The raise came two days after The Smarter Web Company said it spent over $20 million to buy 196.8 Bitcoin
BTC
$106,847
at an average price of $103,290 each.
The company held 543.52 BTC as of Tuesday, bought at an average price of $104,450, a stash thatโs currently worth around $58.19 million.
$BTC
#Write2Earn #BTC110KToday?
UK-based web design and marketing firm The Smarter Web Company has raised 41.2 million British pounds ($56.59 million), days after it purchased 196 Bitcoin to add to its growing holdings.
The firm said on Thursday that the raise came from institutional investors via accelerated bookbuild, a process where a company raises capital quickly, usually within one or two days, without any marketing push.
The Smarter Web Company raised 36.27 million British pounds ($49.8 million) with the bookbuild and a further 4.97 million British pounds ($6.82 million) by subscription. The offer price was 2.9 British pounds ($3.98) per share.
The company expects the stocks issued across both offerings will go into effect from July 1.
Raise comes days after holdings pass 540 Bitcoinย
The raise came two days after The Smarter Web Company said it spent over $20 million to buy 196.8 Bitcoin
BTC
$106,847
at an average price of $103,290 each.
The company held 543.52 BTC as of Tuesday, bought at an average price of $104,450, a stash thatโs currently worth around $58.19 million.
$BTC
#Write2Earn #BTC110KToday?
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BTC
106,999.19
-0.26%