Summary
- UK-listed company The Smarter Web Company announced it raised approximately ₩54.1 billion through a share offering.
- The raised funds are expected to be used for Bitcoin accumulation.
- The Smarter Web Company is reportedly pursuing a 10-year BTC acquisition plan.
The UK-listed company The Smarter Web Company has completed a share offering worth £29.3 million (about ₩54.1 billion) to be used for Bitcoin (BTC) accumulation.
On the 16th (local time), The Smarter Web Company announced on their official website, "We have raised £29.3 million through a share offering targeted at institutional investors," adding, "This amount significantly exceeds the initial target of £15 million." They continued, "With the funds raised, we will continue our ongoing accumulation of Bitcoin," and added, "Bitcoin is the core of the future global financial system."
Meanwhile, The Smarter Web Company previously announced a 10-year BTC acquisition plan.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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