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Smarter Web sells 178 Bitcoin at $65,762 each to clear $11.7M debt, avoiding 7.7M share dilution.

Market News
23 Jul 2026
The Currency Analytics
View Source
Bullish
pluang ai news

Smarter Web sold 177.89 Bitcoin at $65,762 per coin to raise $11.7 million and repay a convertible debt to TOBAM early. This move prevented the issuance of 7.7 million new shares that would have diluted existing shareholders. The company treated its Bitcoin holdings as a liquid reserve rather than a long-term investment, using the sale to solve a specific debt issue. Details on remaining Bitcoin holdings or future crypto strategy remain undisclosed, leaving uncertainty about the company's next steps.

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