Smarter Webs don launch $21M Bitcoin-denominated convertible bond
Smarter Web Company don launch one $21 million Bitcoin-denominated convertible bond, wey French asset manager Tobam fully underwrite. Dis three-year interest-free Bitcoin convertible bond fit allow investors change their holdings go equity or collect 98% of BTC value when e reach maturity. As one of UK first corporate bonds of dis kain, e show say institution wey dey adopt am don plenty – over 200 public companies dey hold Bitcoin now. Regulation clarity for US and accept Bitcoin as treasury asset don make demand high. Smarter Web BTC bond dey join digital assets inside financial structure, e show say market liquidity dey rise, and e fit make Bitcoin-based corporate finance more common. As Bitcoin dey trade close to $114,000, the launch fit mean say market steady and confidence dey grow for Bitcoin role for traditional finance.
Bullish
Di launching wey Smarter Web do for Bitcoin-denominated convertible bond, wey Tobam fully underwrite and give dual exposure to Bitcoin and equity, na big step for how institutions dey adopt am. For history, as dem dey introduce new Bitcoin-based financial tools, e dey increase market liquidity, encourage investors demand, and help price to rise. For short term, this bond fit boost Bitcoin buying as investors dey find crypto exposure, and for long term e mean di digital assets go fit join deeper for corporate finance, wey fit make more issuers come out and keep pressure dey push BTC price up.