The Smarter Web Company, a London Stock Exchange (LSE)-listed firm that has adopted a Bitcoin treasury strategy, plans to raise up to £25 million (approximately 45.3 billion KRW) by issuing Bitcoin-backed pound-denominated preference shares. According to CryptoBriefing, the company is pursuing an IPO to list a new class of preference shares on the LSE. The ticker is MORE. The minimum amount to be raised for this is £10 million, and it is explained that if this amount is secured and regulatory approval is obtained from the UK Financial Conduct Authority (FCA), this plan could set an important precedent in the UK capital market.
