BUSINESSTHE BLOCK
‘Not currently the right capital solution’: Smarter Web sells 178 bitcoin to repay $11.7M convertible instrument
The Smarter Web Company sold 177.89 BTC at $65,762 to repay $11.7 million to TOBAM, cancelling 7.7 million in potential share issuance.
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Adjacent reporting
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- Michael Saylor Calls Bitcoin’s Drop a ‘Capital Rotation’ to AI as BTC Slides Below $62,000
- DAT Went Wrong: Satsuma to Unwind Bitcoin Treasury, Sell Off $43 Million in BTC
- ‘Communication challenge, nothing more’: Standard Chartered keeps $100,000 bitcoin target, calls Strategy selloff a signaling problem
- Strategy Sold 32 Bitcoin… And That’s a Good Thing.