Smarter Web Company Repays Convertible Notes Early, Disposes of 177.89 BTC for $11.69M

BTC-0.33%
According to Foresight News, The Smarter Web Company has repaid convertible notes held by entities related to TOBAM Group approximately two weeks ahead of schedule. The company disposed of 177.8909127 Bitcoin at an average price of $65,762 per BTC, raising $11.69 million to cover the repayment. The disposal eliminates 7.718551 million shares of common stock that would have been issued as part of the instrument. Following the disposition, the company holds 2,700 Bitcoin.
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