Foresight News|Jul 23, 2026 06:10
[The Smarter Web Company Repays Smarter Convertible Notes Early, Disposes of Approximately 178 Bitcoins]
Foresight News reports that The Smarter Web Company has announced it has repaid the Smarter convertible notes held by entities related to the TOBAM Group approximately two weeks ahead of schedule. The repayment amount was approximately $11.69 million, funded by the disposal of 177.8909127 Bitcoins (at an average price of $65,762). These Bitcoins were fully allocated from the funds raised during the subscription. The original agreement required at least 98% of the funds to be invested in Bitcoin, but the company invested 100%, necessitating the full repayment of the purchased Bitcoins. Following the repayment, the potential issuance of 7,718,551 ordinary shares related to the notes has been eliminated, and the associated potential shares and disposed Bitcoins have been removed from the company's fully diluted Bitcoin treasury analysis. After the disposal, the company holds 2,700 Bitcoins.
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