The Smarter Web Company completes $282 million capital reduction, advancing UK’s first Bitcoin-backed perpetual preferred stock issuance

Odaily reported that 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.