UK Bitcoin Custodian The Smarter Web Company Conditionally Raises £10 Million, with Some Funds Earmarked for Bitcoin Purchases

@cryptocurrency_media, October 12: UK-based Bitcoin custodian The Smarter Web Company has conditionally raised £10 million (around $13.2 million) by issuing preferred shares. About £4 million (around $5.3 million) of the net proceeds is expected to go toward additional Bitcoin purchases. The shares are set to begin trading in London on October 14, with an initial annual dividend rate of 12%, paid weekly.