thesmarterweb

The Smarter Web Company announced that MORE, the UK’s first Bitcoin-backed preferred stock, has completed its initial public offering (IPO), raising $13.25 million. The stock will begin trading on the London Stock Exchange’s Main Market this Wednesday, marking a major breakthrough for Bitcoin-related securities in the UK market. According to the disclosure, MORE’s first weekly dividend is scheduled to be paid on November 9, with investors entitled to receive distributions in accordance with the offering terms. The IPO not only provides The Smarter Web Company with a new source of capital, but also demonstrates the UK financial regulatory environment’s gradual acceptance of securities backed by crypto assets.

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The Smarter Web Company strengthens its position wisely! 🚀

An interesting news in the crypto market! The London-based company The Smarter Web is preparing to raise $2 million. 💰

What’s striking is not only the amount of funding but the company's strong financial solvency; it holds 2,706 Bitcoins in its portfolio! 📉 This move clearly aims to enhance its financial position and support its ambitious expansion plans in the future.

It’s nice to see traditional tech companies adopting Bitcoin as a strategic reserve asset, which boosts confidence in the market day by day. ✨

Do you think that companies owning Bitcoin will become the new standard for financial success? 💬 Share your opinions with us in the comments!
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