Smarter Web issues the first Bitcoin bond in the UK

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Smarter Web, a UK-listed company, has just issued a convertible bond worth 21 million USD denominated in Bitcoin. This zero-interest bond was fully purchased by institutional investor TOBAM, allowing conversion into shares at a 5% premium. Up to 30% of the proceeds will be used to purchase Bitcoin. This is the first deal of its kind in the UK market.

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