UK Bitcoin Treasury Firm Smarter Web’s Preferred Shares MORE Begin Trading in London With 12% Annualized Dividend
JOON HYOUNG LEE
Summary
- The preferred shares of UK Bitcoin treasury firm The Smarter Web Company, MORE, have started trading on the London Stock Exchange.
- MORE has an initial annualized dividend rate of 12%, applied to a dividend reference value of 100 pounds per share.
- The 12% rate is an initial floating dividend rate, not a fixed return, and the dividend rate may be adjusted later based on board decisions and other factors.
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The preferred shares of The Smarter Web Company, a UK Bitcoin treasury firm, have begun trading on the London Stock Exchange.
Bitcoin Treasuries reported on October 14 that trading in The Smarter Web Company’s preferred shares, MORE, started on the London Stock Exchange that day.
MORE carries an initial annualized dividend rate of 12%. The rate applies to a dividend reference value of 100 pounds per share. Dividends are paid weekly.
The 12% rate is not fixed. It is an initial floating dividend rate that may be adjusted later based on board decisions and other factors.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul