Smarter Webs $21M Bitcoin-Denominated Convertible Bond Debuts
Smarter Web Company has debuted a $21 million Bitcoin-denominated convertible bond, fully underwritten by French asset manager Tobam. The three-year, interest-free Bitcoin-denominated convertible bond allows investors to convert holdings into equity or redeem 98% of BTC value at maturity. As one of the UK’s first corporate bonds of this type, the offering underscores growing institutional adoption – with over 200 public companies now holding Bitcoin. Regulatory clarity in the US and acceptance of Bitcoin as a treasury asset have fueled demand. Smarter Web’s BTC bond integrates digital assets into its financial structure, signals rising market liquidity, and could inspire further Bitcoin-based corporate financing. With Bitcoin trading near $114,000, the launch reflects stable market conditions and increasing confidence in Bitcoin’s role in traditional finance.
Bullish
The launch of a Bitcoin-denominated convertible bond by Smarter Web, fully underwritten by Tobam and offering dual exposure to Bitcoin and equity, marks a significant step in institutional adoption. Historically, the introduction of novel Bitcoin-based financial instruments has increased market liquidity, driven investor demand, and supported price appreciation. In the short term, this bond could boost Bitcoin buying as investors seek crypto exposure, while long-term it signals deeper integration of digital assets into corporate finance, likely encouraging more issuers and sustaining upward pressure on BTC.