# The Smarter Web Company Plans $5.3 Million Bitcoin Purchase

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/30198
Published: 2026-10-12T10:28:54.000Z
Updated: 2026-10-12T10:28:54.000Z
Section: Business

> The company is conditionally raising $13.2 million through preferred shares and expects them to begin trading in London on Oct. 14.

The Smarter Web Company plans to use about $5.3 million from a conditional preferred-share fundraising to expand its Bitcoin (BTC) holdings, directing the funds toward additional purchases.

The fundraising totals £10 million, equivalent to about $13.2 million. The company expects to receive about £4 million, or roughly $5.3 million, in net proceeds for the Bitcoin strategy.

The preferred shares are expected to begin trading in London on Oct. 14. They will carry an initial annual dividend rate of 12%, with payments scheduled weekly.

The planned allocation links the company’s fundraising directly to its digital-asset holdings, while the share trading date provides the next concrete step for the offering.