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UK-listed company The Smarter Web Company reduces its holdings of 178 BTC to repay debts
PANews July 23 news: According to an official announcement, the UK-listed company The Smarter Web Company repaid Smarter Convert convertible notes two weeks early, paying TOBAM Group approximately $11.7M by completing the repayment through the sale of 177.89 BTC (average price $65,762). The company’s CEO said that although it had previously recognized the flexibility of the structure, it does not currently consider it a suitable capital solution. After the repayment was completed, the company held 2,700 BTC. The related potential share issuance has been canceled.