preferredshares

Smarter Web hits the London Stock Exchange with a £10 M IPO.

The company issued 111,112 preferred shares at £90 each, trading under ticker MORE from 8:00 a.m. on 14 Oct. Net proceeds after expenses are about £8.3 million (≈$11 million).

Retail investors contributed £7.6 million (≈$10 million), roughly 75% of the total, while institutional demand brought £2.4 million (≈$3.1 million). The CEO noted the institutional side was disappointing and the raise fell £5 million below the prospectus bottom range.

Proceeds will fund working capital (£3.85 million), additional Bitcoin purchases (£4 million) and the operating business (£0.5 million). Preferred shareholders receive a cumulative variable weekly dividend starting at 12% per year, with the first payment of £0.2301 per share due by 9 Nov.

Do you think retail‑driven Bitcoin treasury IPOs can reshape capital markets?

#Bitcoin #PreferredShares #LondonStockExchange #IPO

🔴 Michael Saylor’s Strategy Under Threat of Collapse, as MSTR and STRC Reach 52-Week Lows

Michael Saylor is tough in public, but his Strategy shares and preferred stock (STRC) are getting hammered, reaching 52-week lows. Saylor claims, “volatility tests every capital structure,” and promises to stay focused on Bitcoin and “long-term value creation.” Translation: the model is under extreme strain. MSTR is down more than 80% from its peak, and STRC trades at a 26% discount to par. This doesn’t look good when your entire strategy depends on issuing debt above NAV to buy Bitcoin. The math is simple: when preferred shares trade below par, the capital tap runs dry 🩸. Strategy’s paper losses on its massive Bitcoin holdings now exceed $14 billion, with an average purchase price far above current market levels. To make matters worse, annual dividend obligations have quadrupled to $1.2 billion in just six months, while cash reserves fell by 38%. Dividend coverage is now only 14 months. Even CryptoQuant advises Saylor to stop buying and build up cash. The market doesn’t believe Saylor’s story; the recent BTC sell-off and Strategy’s capital raise were more about survival than accumulation.

📊 Further downside pressure on MSTR shares is likely, which could trigger broader shifts in sentiment across Bitcoin-correlated stocks. Expect increased attention on other leveraged Bitcoin holders.

Can Saylor’s Bitcoin strategy be saved, or is this the beginning of the end for MSTR? 👇

#mstr #saylor #bitcoin #strategy #preferredshares

🔴 Michael Saylor's Strategy Faces Meltdown as MSTR, STRC Hit 52-Week Lows

Michael Saylor is talking tough, but his Strategy shares and preferred stock (STRC) are getting hammered, hitting 52-week lows. Saylor claims "volatility tests every capital structure" and vows to stay focused on Bitcoin and "long-term value creation." Translation: the model is under extreme stress. MSTR is down over 80% from its peak, and STRC is trading at a 26% discount to par. This isn't a good look when your entire strategy relies on issuing debt above NAV to buy Bitcoin. The math is simple: when preferred shares trade below par, the capital tap dries up 🩸. Strategy's paper losses on its massive Bitcoin holdings now exceed $14 billion, with an average purchase price far above current market levels. Adding insult to injury, annual dividend obligations have quadrupled to $1.2 billion in just six months, while cash reserves have cratered 38%. Dividend coverage is now a mere 14 months. Even CryptoQuant is telling Saylor to halt buys and hoard cash. The market isn't buying Saylor's spin; Strategy's recent BTC sale and equity raise were more about survival than accumulation.

📊 Further downside pressure on MSTR shares is likely, potentially triggering broader sentiment shifts in Bitcoin-correlated equities. Expect increased scrutiny on other leveraged Bitcoin holders.

Is Saylor's Bitcoin strategy salvageable, or is this the beginning of the end for MSTR? 👇

#mstr #saylor #bitcoin #strategy #preferredshares