Bitcoin
‘Not currently the right capital solution’: Smarter Web sells 178 bitcoin to repay $11.7M convertible instrument
The Block·July 23, 2026·1 min read
Smarter Web Company sold 177.89 BTC at $65,762 to repay $11.7 million to TOBAM early, canceling 7.7 million in potential share issuance. The firm stated Bitcoin is 'not currently the right capital solution' for its needs, opting to reduce debt instead of holding the cryptocurrency on its balance sheet.
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