The Smarter Web Company, a UK-based web development firm, has launched a $21 million Bitcoin-denominated convertible bond, fully subscribed by French asset manager TOBAM, according to NLNico on X. The bond carries no interest and can be converted into equity at a 5% premium. The offering represents a first-of-its-kind fundraising move in the UK market.
The Smarter Web Company issues $21M Bitcoin-based convertible bond
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