News linked to both this project and an event.
According to The Block, TD Cowen lowered The Smarter Web Company's target price from £1 to £0.64, maintaining a buy rating. The analyst cited factors such as revised Bitcoin price forecasts, recent treasury activities, and updated dilution assumptions, while noting that the company's Q2 Bitcoin holdings increased from 2,699 BTC to 2,878 BTC. The stock closed up 2% last Friday at £0.29.
BitcoinTreasuries.NET posted on X platform, stating that The Smarter Web Company has completed a $282 million capital reduction, marking a significant step forward in its issuance of the UK’s first Bitcoin-backed perpetual preferred stock, which has a maximum dividend payment capacity of $178 million.