Smarter Web Sells 177.89 BTC at $65,762 Average Price to Repay $11.7M Convertible Instrument

BTC-0.76%

According to the company's announcement, Smarter Web Company PLC sold 177.89 bitcoin on Thursday to repay its Smarter Convert instrument to TOBAM Group roughly two weeks ahead of maturity. The sale generated $11,698,540, with the bitcoin disposed at an average price of $65,762, covering the firm's entire bitcoin position funded by the original subscription proceeds under the August 2025 agreement.

The repayment eliminated a potential issuance of 7,718,551 ordinary shares, per the disclosure. Smarter Web continues to hold 2,700 bitcoin following the disposal.

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