Smarter Web adds 20 BTC as its preferred shares pay their first weekly dividend

The Smarter Web Company, described as the UK’s largest public corporate Bitcoin holder, said on Friday, October 23, that it bought 20 bitcoin for about £1.23 million at an average of £61,733. The purchase was its second in a week, following 83 BTC bought on October 15 for £5.2 million at an average of £62,676, and left its 2,850 BTC stack at an average price of £81,837 and a net cost of £233.2 million. The Bristol-based firm also set the first weekly dividend on its MORE preferred shares at £0.2301 per share for the week ending October 23, 2026; the record date is October 23, the ex-dividend date October 22, and payment is due November 9. The MORE dividend rate is currently 12% a year on a £100 reference amount, a rate the board can vary within limits in its September 29 prospectus.