{"id":6949,"date":"2025-08-06T13:52:08","date_gmt":"2025-08-06T13:52:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/smarter-web-issues-21m-bitcoin-denominated-convertible-bond\/"},"modified":"2025-08-06T13:52:22","modified_gmt":"2025-08-06T13:52:22","slug":"smarter-web-issues-21m-bitcoin-denominated-convertible-bond","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/smarter-web-issues-21m-bitcoin-denominated-convertible-bond\/","title":{"rendered":"Smarter Web issues $21m Bitcoin-denominated convertible bond"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Smarter Web Company has issued a Bitcoin-denominated bond convertible into its shares.<\/p>\n<div id=\"cn-block-summary-block_919be6ace4ac964a00ed28a08a73b333\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Smarter Web Company issues $21M bond denominated in Bitcoin.<\/li>\n<li>Bond will be convertible into the company\u2019s shares or BTC.<\/li>\n<li>TOBAM already bought the full amount, but the company plans to issue more.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Bitcoin (BTC) is increasingly getting attention among global tradFi firms. On Wednesday, August 6, Smarter Web Company <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.londonstockexchange.com\/news-article\/market-news\/smarter-convert-21-million-subscription\/17170205\" target=\"_blank\">issued<\/a> \u201cSmarter Convert,\u201d a $21 million convertible bond denominated in Bitcoin, in cooperation with French investment firm TOBAM. <\/p>\n<p>The UK-listed company has already entered into an agreement with TOBAM for the purchase of the $21 million bond. However, Smarter Web plans to issue more of these bonds at market prices to other investors, including TOBAM.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>These bonds will enable investors to gain exposure to both Bitcoin and Smarter Web Company. The bonds are interest-free and can be converted into Smarter Web Company shares. If holders choose not to convert, they will receive 98% of the BTC value at the time of repayment.<\/p>\n<p>Bonds like these allow Smarter Web Company to raise capital while offering more flexibility to investors. Because Smarter Web Company is a treasury firm, its shares are more volatile than Bitcoin. For this reason, the bond offers investors additional options for risk management.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Why Bitcoin bonds are a big deal<\/h2>\n<p>Bitcoin-denominated bond issuance is a sign that traditional firms and financial regulators are taking the crypto asset seriously. At the same time, it reflects growing interest in Bitcoin among tradFi firms.<\/p>\n<p>Smarter Web Company is a UK-based Bitcoin treasury firm, currently holding 2,050 coins. The firm ranks among the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bitget.com\/news\/detail\/12560604888025\" target=\"_blank\">top 25<\/a> global Bitcoin treasury companies by assets. <\/p>\n<p>TOBAM is a French investment firm that has been involved in crypto assets since 2016. It was one of the first European asset managers to invest directly in Bitcoin.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Smarter Web Company has issued a Bitcoin-denominated bond convertible into its shares. Summary Smarter Web Company issues $21M bond denominated in Bitcoin. Bond will be convertible into the company\u2019s shares&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6949"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6949\/revisions"}],"predecessor-version":[{"id":6950,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6949\/revisions\/6950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/6336"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}