Bitcoin
The Smarter Web Company Plans UK Preferred Share Offering Backed by Bitcoin
The UK-listed firm intends to raise up to £25 million through preferred shares linked to its corporate Bitcoin reserve.
The Smarter Web Company announced plans to issue a new class of preferred shares under the ticker "MORE" in an effort to raise between £15 million and £25 million. The proposed capital raise aims to fund the company's 10-Year Plan to accumulate Bitcoin, subject to prospectus approval from the Financial Conduct Authority.
The firm, which transitioned from a web design business, holds roughly 2,747 BTC, making it the largest publicly listed corporate holder of Bitcoin in the United Kingdom. If approved, the instrument would be the first sterling-denominated, Bitcoin treasury-backed perpetual preferred share listed on the London Stock Exchange Main Market, trading in the non-voting equity category.
CEO Andrew Webley stated via social media that the structure would broaden the company's investor base and offer balance-sheet flexibility across varied market conditions. Ordinary shareholders are scheduled to consider the proposal at a General Meeting on September 28, 2026, in Bristol.
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