Bitcoin-Based Convertible Bond: Smarter Web Company’s $21M Breakthrough
Main Idea
The Smarter Web Company issued a $21 million Bitcoin-based convertible bond, fully subscribed by French asset manager TOBAM, highlighting growing institutional confidence in Bitcoin as a financial instrument.
Key Points
1. The Smarter Web Company, a UK-based firm, issued a $21 million Bitcoin-based convertible bond with a 5% conversion premium into equity.
2. French asset manager TOBAM fully subscribed to the bond, indicating institutional trust in Bitcoin-based financial products.
3. The bond's structure demonstrates innovation in crypto capital raising, offering flexibility for investors and the company.
4. This issuance is seen as a catalyst for institutional Bitcoin adoption, showcasing Bitcoin's viability in traditional finance.
5. Challenges for digital asset bonds include navigating regulatory landscapes and market volatility.
Description
BitcoinWorld Bitcoin-Based Convertible Bond: Smarter Web Company’s $21M Breakthrough The financial world just witnessed a truly significant shift! The Smarter Web Company, a dynamic UK-based web development firm, recently made headlines by issuing a groundbreaking $21 million Bitcoin-based convertible bond . This strategic move marks a pivotal moment, signaling a new era for crypto capital raising and challenging traditional financing methods. French asset manager TOBAM fully subscribed to this ...
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