The Smarter Web Company plans to issue perpetual preferred shares on the London Stock Exchange, raising up to £25 million to increase its holdings in Bitcoin

According to Bitcoin News, The Smarter Web Company plans to issue perpetual preferred shares under the stock code MORE, with a fundraising target of £15 million to £25 million, and a minimum fundraising scale of £10 million, with listing access requiring support from three market makers.

Holders will receive cumulative weekly dividends and liquidation priority, but will not have voting rights, and the company may redeem shares. As of mid-2026, SWC holds 2,878 bitcoins; after the High Court approves the capital reduction, the company will have £132.5 million in distributable reserves for payments.