- UK-listed company SmarterWeb Company announced that it had issued a Bitcoin bond, raising $21 million.
- This Bitcoin bond was fully acquired by Tobam, and it was reported that the bond price fluctuates according to the Bitcoin price.
- SmarterWeb Company stated that this fundraising will complement its existing fundraising strategy, and added that it currently holds 2,050 Bitcoins.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
UK-listed company SmarterWeb Company issued a 'Bitcoin (BTC) bond', raising $21 million (approximately ₩2.9 billion).
According to foreign media outlets including Cointelegraph on the 6th (local time), SmarterWeb Company announced that it had "issued a Bitcoin-denominated bond through the London Stock Exchange, raising £15.8 million ($21 million)". The bond was issued in a format where the entire amount was acquired by the French asset management firm Tobam.
The bond price is set in Bitcoin. This means the price of the bond fluctuates according to the price of Bitcoin. Cointelegraph reported, "This announcement is a measure taken as SmarterWeb Company has increased its Bitcoin holdings over the past month", adding that "SmarterWeb Company now holds a total of 2,050 Bitcoins, valued at $234 million".
This is the first time a Bitcoin-denominated bond has been issued in the UK. Andrew Webley, CEO of SmarterWeb Company, stated, "The new (bond) structure will complement the company's existing fundraising strategy."
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