The Smarter Web Company conditionally raises £10 million, plans to use approximately $5.3 million to increase its Bitcoin holdings

Odaily News: The Smarter Web Company has announced a conditional raise of £10 million (approximately $13.2 million) through the issuance of preference shares, of which approximately £4 million (about $5.3 million) in net proceeds will be used to further purchase Bitcoin. The preference shares are expected to begin trading in London on October 14, with an initial annual dividend rate of 12%, paid weekly.