[Smarter Web Bitcoin Treasury-Backed Preferred Shares Listed on LSE Main Board] According to a report by Crypto Briefing on October 14, the perpetual preferred shares (ticker: MORE) of The Smarter Web Company (SWC), a UK-based Bitcoin treasury firm, began trading on the main board of the London Stock Exchange. The company claims this is the UK's first GBP-denominated perpetual preferred share backed by a corporate Bitcoin treasury. The IPO price is set at £90 per share, with a liquidation preference of £100, an initial annualized dividend rate of 12%, and weekly distributions. The offering price corresponds to a yield of approximately 13.33%. The first dividend, £0.2301 per share, is expected to be paid no later than November 9. The net proceeds from the fundraising are approximately £8.35 million, of which around £4 million is planned for increasing Bitcoin holdings. As of September 30, the company held approximately 2,747 BTC, with an average cost of £82,562 per BTC.