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 that The Smarter Web Company has completed a $282 million capital reduction, marking a key step in advancing the issuance of the UK’s first Bitcoin-backed perpetual preferred stock. The preferred stock has the capacity to pay dividends of up to $178 million.