The Smarter Web Company receives approval for UK's first BTC-backed preferred stock

Summary

The Smarter Web Company ($SWC), a British Bitcoin treasury, has received shareholder approval to launch the UK's first-ever BTC-backed preferred stock ($MORE), marking a significant milestone in cryptocurrency integration in finance. This initiative is part of a broader trend where UK-listed companies with Bitcoin holdings are creating innovative equity structures to offer investors dividends backed by crypto reserves and operations. The company is also anticipating a potential IPO that could raise between $20 million and $33 million, aimed at further increasing its Bitcoin acquisitions and enhancing its cash-generating operations.

Tokens

$SWC$MORE

Analysis

The Smarter Web Company: The Smarter Web Company is a Bristol-based UK firm originally focused on web design, development, and digital marketing services that has adopted a formal Bitcoin treasury policy as a core part of its long-term strategy. It maintains operations generating revenue from client services while building substantial Bitcoin holdings on its balance sheet and trading on exchanges including the London Stock Exchange under ticker SWC. The company recently obtained shareholder approval at its September 28 general meeting to proceed with launching the UK's first BTC-backed preferred stock. Regulatory Pathway: Recent shareholder votes and High Court confirmations have cleared capital reductions needed to support dividend obligations on new preferred share classes in the UK. Treasury Innovation: UK-listed companies with Bitcoin holdings are developing novel preferred equity structures to provide investors with dividend access backed by crypto reserves and operations.

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