[The Smarter Web Company Plans to Launch the UK's First Bitcoin-Backed Preferred Stock, IPO May Raise $20M to $34M] Odaily Planet Daily News - The Smarter Web Company announced plans to launch the UK's first Bitcoin-backed preferred stock, subject to shareholder approval. The company expects to raise $20 million to $34 million through a potential IPO, which will be used to increase Bitcoin holdings and acquire cash-flow-generating operational businesses.