Exchange Listing
Smarter Web Company's Bitcoin-backed Preferred Shares Listed on LSE
The Smarter Web Company has listed its Bitcoin-backed preferred shares, trading under the ticker MORE, on the London Stock Exchange’s Main Market. The shares offer a 12% annual dividend, paid weekly, from a company with a corporate Bitcoin treasury. The IPO raised a minimum of £10 million, with about £4 million earmarked for additional Bitcoin purchases. The shares are the UK’s first sterling-denominated perpetual preferred shares backed by a corporate Bitcoin treasury.