[The Smarter Web Company Conditionally Raises £10 Million, Plans to Increase Bitcoin Holdings by Approximately $5.3 Million] Golden Finance reported that on October 12, Bitcoin treasury company The Smarter Web Company announced a conditional fundraising of £10 million (approximately $13.2 million) through the issuance of preferred shares. Of this, approximately £4 million (around $5.3 million) in net proceeds will be used to further purchase Bitcoin. The related preferred shares are expected to begin trading in London on October 14, with an initial annual dividend rate of 12%, paid weekly.