# Smarter Web Raises £10m in Bitcoin IPO

> Smarter Web's MORE shares hit £10m IPO target with Bitcoin treasury listing planned.
- Title: Smarter Web Raises £10m in Bitcoin IPO · TokenPost | Shortify
- Summary: Smarter Web's MORE shares hit £10m IPO target with Bitcoin treasury listing planned. Smarter Web conditionally raised £10 million through its MORE…
- Keywords: smarter web, more shares, bitcoin treasury, london stock exchange, preferred shares, ipo, crypto, finance, Smarter, Web, Raises, 10m
- Source: TokenPost — https://tokenpost.com/news/business/31566
- Published: 2026-10-13T22:43:18+00:00
- Read time: 1 min
- Topics: smarter web, more shares, bitcoin treasury, london stock exchange, preferred shares, ipo, crypto, finance
## Smarter Web IPO
Smarter Web conditionally raised £10 million through its MORE perpetual preferred-share IPO, reaching the offer’s minimum threshold while preparing to list the Bitcoin treasury security in London.
## Funding Allocation
The company expects net proceeds of £8,346,006, allocating £4 million to Bitcoin purchases, £3,846,006 to working capital and dividends, and £500,000 to business growth.
## Listing Details
MORE shares will trade on London Stock Exchange’s Main Market starting Oct. 14 at £90 each, with no voting rights and initial 12% annual variable dividend.
## Key takeaway

Smarter Web conditionally raised £10 million through its MORE preferred-share IPO, targeting London Stock Exchange listing with Bitcoin treasury security.