UK Bitcoin Treasury Companies on The Rise, The Current Leaders in Focus
Main Idea
The Smarter Web Company, in partnership with TOBAM, has launched a new financial product called 'Smarter Convert' and holds significant Bitcoin reserves, while another AI-focused company has raised substantial funds to bolster its Bitcoin treasury.
Key Points
1. The Smarter Web Company, listed on the Aquis Stock Exchange (SWC), launched 'Smarter Convert' in partnership with TOBAM, an asset management company.
2. TOBAM subscribed to 'Smarter Convert' for $21 million, with the product's structure linked to future market prices.
3. The Smarter Web Company holds 2,050 Bitcoin, valued at $233.31 million, with an average purchase cost of $110,040 per coin.
4. An AI-focused software development company raised £163.7M ($217.6 million), exceeding its minimum target, and acquired 1,097 BTC for £96.8M ($128 million).
5. The AI-focused company currently holds 1,126 Bitcoin, valued at $128.54 million, with an average purchase price of $115,149 per coin.
Description
The United Kingdom, while slow to join the race, has some rising players with notable amounts of Bitcoin in their vaults. A new financial instrument has also emerged as an aftereffect, offering a novel, two-way method of fundraising and accumulation. The Smarter Web Company The technology firm specializing in web design and online marketing, listed on the Aquis Stock Exchange (SWC), has announced the launch of a new financial product called “Smarter Convert”, developed in partnership with TOBAM....
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