Bitcoin.com News
Bitcoin.com News|Aug 06, 2025 06:42
The Smarter Web Company (#SWC | TSWCF | 3M8.F) today launched Smarter Convert—a 21 M, interest-free, Bitcoin-denominated convertible bond fully subscribed by TOBAM, featuring: • 98% downside protection if unconverted after 12 months • Conversion at a 10% premium to a £1.95 reference share price • Forced conversion if shares trade >50% above the strike for 10 days This marks the UK’s first #BTC-backed capital raise of its kind, adding a new, flexible funding layer to SWC’s Bitcoin treasury strategy(Bitcoin.com News)
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