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The UK's first Bitcoin-backed digital credit product begins trading on 14 October.
Smarter Web is launching a perpetual preferred called MORE, and the IPO is open to both UK institutional and retail investors.
The key details:
-12% initial dividend on £100
-Offered at £90, a 13.33% yield at issue
-Paid weekly and cumulative
-Denominated in pounds, listed on the LSE Main Market
Apply through Hargreaves Lansdown, AJ Bell, Interactive Investor and other participating platforms. Minimum £500.
The offer closes on 9 October.
I will be supporting the launch by putting some of my own capital into the IPO.
A big moment for Bitcoin in the UK.
$SWC.L | $TSWCF
Merty retweeted
Today’s announcement marks an important step for The Smarter Web Company. Subject to approval of the Prospectus by the FCA, launch, and all conditions to the Possible IPO being satisfied, we expect the proposed Preferred Shares to be the first of their kind in the UK: a pounds sterling-denominated, London Stock Exchange Main Market-listed perpetual preferred share issued by a UK-incorporated commercial company with a Bitcoin treasury strategy. We have been working towards the Possible IPO for some time, and I am very pleased that we are now able to share this exciting development with our Shareholders.
The proposed Preferred Shares are designed to provide an additional source of long-term capital, broaden the range of investors able to invest in the Company and further diversify our capital structure. We believe that by providing a differentiated investment option alongside our Ordinary Shares, we can create a capital structure that gives us greater flexibility to pursue our long-term ambitions through different market conditions.
This is a natural next step in our 10-Year Plan and supports our ambition to build a stronger, more adaptable business, combining the growth of our operating businesses with the continued development of our Bitcoin treasury strategy to create long-term value for our investors.
LSE: #SWC | OTCQB: $TSWCF | FRA: $3M8
Merty retweeted
Extra special ❤️
Watch Seb complete a full lap of Monza in Michael Schumacher's legendary F2002 car
#F1 #ItalianGP @ScuderiaFerrari
Merty retweeted
I don't know who needs to hear this.
You can like Strategy and Bitcoin
You can root for Metaplanet and Strive at the same time
You can appreciate what Capital B, Smarter Web and H100 are building in Europe
You can be equally bullish on Méliuz and Oranje in Brazil
You can be excited about BSTR and XXI entering the market
This isn't sports. Your team doesn't need to lose for my team to win
These companies serve different markets, draw from different capital pools, operate under different leaders, and take different approaches
That's the point
If you believe in what Bitcoin treasury companies are doing, there's room for more than your favorite at the table
Merty retweeted
Seeing all the shit coming out from haters about integrity & Villa B team, blah blah blah, this quote is more relevant than ever
Merty retweeted
Let’s spread the word. We’ve got a fantastic community and it’s always great to see new names. 🇬🇧
Interested in joining the community behind the UK’s largest Bitcoin treasury company?
Whether you’re keen to learn more about the treasury model, The Smarter Web Company, or just enjoy a bit of British banter, we’ve built one of the largest organically grown communities in the space.
Come and be part of it, all are welcome 🇬🇧
xitter.cf/i/communities/19156736…
Merty retweeted
DER SPIEGEL: Trump has effectively given Europe an ultimatum: within days, they must commit actual military forces, like warships, to the Strait of Hormuz.
Meanwhile, Europeans on their two week Easter holiday:
🐂
Introducing the Morgan Stanley Bitcoin Trust (MSBT), designed with transparent reporting and a 0.14% expense ratio, supported by a custody approach that brings together traditional considerations and crypto experience. Learn more about MSBT: mgstn.ly/4mhxVmH
MSBT prospectus: mgstn.ly/4t5ZZfs
Merty retweeted
Britain's largest bitcoin treasury company debuts on London's main stock market thisismoney.co.uk/money/mark…
Merty retweeted
4 years ago today, Max Verstappen was one corner away from a perfect pole lap in Jeddah.
Many of us had the same reaction as Fernando Alonso while watching the lap.
Merty retweeted
OH MY WORD MICKY VAN DE VEN 🤯
Incredible goal by the Spurs centre half, as he runs the full length of the pitch before a fantastic finish past Kotarsi - INCREDIBLE GOAL!
Watch live on @tntsports & @discoveryplusUK
