The Smarter Web Company Completes $282 Million Capital Reduction to Advance the First Bitcoin-Backed Perpetual Preferred Stock Issuance in the UK

Odaily reported that BitcoinTreasuries.NET posted on X platform, stating that The Smarter Web Company has completed a $282 million capital reduction. This is a key step in advancing the issuance of the UK's first Bitcoin-backed perpetual preferred stock, which has the capacity to pay dividends of up to $178 million.