The British technology company Smarter Web Company has announced the completion of raising $21 million through a new financial instrument—bonds backed by Bitcoin.
Overview of Smarter Convert
The bond, named ‘Smarter Convert’, allows investors to eventually exchange their investment for shares in the company at a 5% premium on the current share price. The announcement of its launch was made on August 6, 2025.
Terms and Risk Management
The bond has a lifespan of 12 months and does not incur any interest. Investors can choose to exchange their bonds for shares in Smarter Web Company. If no conversion occurs, the company will refund 98% of the bond's value, taking into account the Bitcoin price at the time. Investors must hold the bond for at least six months before they can convert it.
Benefits and Future Plans
This program allows Smarter Web Company to raise capital without paying interest and reduces dilution of current shareholders. The company plans to increase its Bitcoin holdings cautiously and may consider issuing more bonds in the future.
In conclusion, Smarter Web Company is paving a new way for capital raising by utilizing innovative financing approaches through Bitcoin bonds.
