Smarter Web Company sold 177.89 BTC at an average price of $65,762 to repay a $11.7 million convertible debt facility held by TOBAM ahead of schedule. The transaction totaled $11,698,540 and was settled roughly two weeks early. This move allowed the company to avoid issuing 7,718,551 ordinary shares that would have diluted existing shareholders. After the sale, Smarter Web still holds 2,700 BTC in its treasury. The company frames this as a balance-sheet flexibility decision rather than a loss of conviction in its Bitcoin strategy.
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