IN BRIEF: Smarter Web raises GBP17.5 million to build bitcoin trove
Smarter Web Co PLC - Bristol, England-based web design agency and bitcoin investor - Raises GBP17.5 million from the sale of 5.9 million new shares at GBP2.95 each. Smarter Web had announced the equity offer after the London market close on Thursday, saying it was aiming to raise at least GBP15 million. The sale is conducted as an accelerated bookbuild to institutional investors by Tennyson Securities and Peterhouse Capital Ltd. Smarter Web now has 265.6 million shares in issue, giving it a market capitalisation of GBP783.5 million at the offer price. On Wednesday, Smarter Web said it had invested a total of GBP127.3 million into bitcoin since adopting its bitcoin treasury policy and had GBP4 million remaining to invest into bitcoin at the time. Read More