The UK-based Smarter Web Company has raised $21 million through a fully subscribed Bitcoin-denominated convertible bond. Underwritten by French asset manager TOBAM, the bond allows investors to convert to equity at a 5% premium over the share price (£1.95). If unconverted within 12 months, 98% of the principal is repayable. The structure also allows forced conversion if the stock rises 50% for 10 days. This innovative, interest-free instrument aligns with Smarter Web’s Bitcoin treasury strategy and caps issuance to 30% of their BTC holdings, highlighting rising institutional adoption of crypto-backed corporate finance within UK markets.
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USDT
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BNB
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XRP
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XRP
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USD1
$0.999958
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USDE
$0.99971
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GRAM
$1.35
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BTC Dom 56.76 %
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USDT
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BNB
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USDC
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XRP
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SOL
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