Morning Edition · Friday, July 24, 2026Published at 1:23 AM EDT · New York
Smarter Web Company Sells 178 Bitcoin to Retire Debt Early, Yet Bitcoin Per Share Falls
The London-listed treasury firm cleared an 11.7 million dollar convertible facility and canceled 7.7 million potential shares, but its holding of Bitcoin per share still declined.
The Smarter Web Company sold 177.89 Bitcoin for 11.7 million dollars to repay a convertible debt facility early, avoiding the shareholder dilution that conversion would have caused while keeping a treasury of about 2,700 Bitcoin. Retiring t…
Continue the Crypto Intelligence Brief
Track on-chain flows, protocol shifts, stablecoins, and regulation.
- 5 crypto intelligence signals a day
- Tracked crypto trends, day over day
- Stablecoin and regulatory movement
- Source-grounded analysis with confidence labels
The Global Intelligence Brief stays free.
Part of a tracked trend
Leveraged Bitcoin Treasury Vehicles Show Financing Strain
Over ~3-9 months, Bitcoin treasury companies face mounting financing stress as their funding instruments trade below par on dividend-coverage doubts, testing the sustainability of the debt/preferred-funded accumulation model.
More from this edition
- Nine Financial and Crypto Firms Form a Bitcoin Security Consortium to Fund Quantum-Resistance Work
- Coinbase Opens Business Accounts to Dollar-Stablecoin Payments From AI Agents
- Clarity Act Expected to Miss Its Window as Goldman Splits From Wall Street to Back It
- DeFi Loses Roughly 35 Million Dollars in July to Oracle and Governance Attacks as an Executive's Account Is Hijacked
- Uniswap Adds Permissioned Pools to Trade Tokenized Securities On-Chain
- Ethereum Researchers Argue Coordination Design, Not Speed, Is Crypto's Last Bottleneck
- Privacy Chains Reframe Confidential Execution as a Prerequisite for Institutional Use
- European Union Targets 14 Crypto Platforms and 94 Banks in New Russia Sanctions Package
- Kazakhstan Plans a National Crypto Reserve Funded by State Bitcoin Miners
- BitMEX to Shut Down After More Than 11 Years, Giving Users Two Months to Withdraw
- Bitcoin Holds Near 65,000 Dollars as New Trump Tariffs Hit 60 Countries and AI Stocks Sell Off