Smarter Web Company Plans First BTC-Collateralized Preferred Shares in UK

London Stock Exchange (LSE)-listed Smarter Web Company, which has adopted a Bitcoin reserve strategy, plans to issue Bitcoin-collateralized pound sterling preferred shares to raise up to £25 million (approximately 45.3 billion KRW).

Crypto Briefing reports the company is advancing an IPO for a new type of preferred share listed on LSE with ticker MORE. The minimum fundraising target is £10 million, and once secured along with Financial Conduct Authority (FCA) regulatory approval, this initiative could set a significant precedent in the UK capital markets.