Smarter Web Buys 20 BTC as It Launches Weekly Dividends for Preferred Shares
The UK-based company adds more Bitcoin to its treasury while initiating dividend payments for its MORE preferred shares.
The UK-based company adds more Bitcoin to its treasury while initiating dividend payments for its MORE preferred shares. Bitcoin (BTC) is trading at $81,614.00. This is an original TLT brief based on reporting by Cryptopolitan, with live market data added, as of Fri, 23 Oct 2026 12:00:07 UTC.
This move highlights the growing trend of publicly traded companies allocating portions of their treasury to Bitcoin, potentially influencing broader institutional adoption. The initiation of dividends for preferred shares also underscores the company's commitment to shareholder returns.
- Smarter Web added 20 BTC to its treasury for £1.23 million.
- The company launched its first weekly dividend for MORE preferred shares at £0.2301 per share.
- Bitcoin's price remains relatively stable despite the purchase.
- Strategy Buys $22M in Bitcoin, Repurchases $193M in STRC Shares
- Smarter Web Buys 20 BTC as It Launches Weekly Dividends for Preferred Shares — this brief
The Smarter Web Company, a UK-based firm and the largest public corporate holder of 
Bitcoin in the country, has added 20 BTC to its treasury. The purchase was made for about £1.23 million.
In addition to the Bitcoin purchase, the company has initiated its first weekly dividend for MORE preferred shares. The dividend is set at £0.2301 per share, which will help fund future Bitcoin acquisitions.
This development comes as the total crypto market cap remains around $2.8 trillion, with Bitcoin's price showing a slight decline of 0.46% over the past 24 hours. Despite the purchase, Bitcoin's price has remained relatively stable, currently trading at $81,533.
The company's decision to allocate more funds to Bitcoin and initiate dividend payments reflects a broader trend of institutional interest in cryptocurrencies. This move could potentially influence other companies to consider similar treasury strategies.
Investors and market observers will likely watch for further developments from The Smarter Web Company, particularly regarding future Bitcoin purchases and the impact of dividend payments on shareholder value.
Since this brief published about 58 minutes ago, Bitcoin (BTC) has moved from $81,533.00 to $81,614.00 — +0.10%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution; intraday detail builds over the first day). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦111.49M (about $81,614.00), down 0.1% over 24 hours. The naira itself trades about 3.1% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Smarter Web Buys 20 BTC as It Launches Weekly Dividends for — questions & answers
How much Bitcoin did Smarter Web buy?
The company added 20 BTC to its treasury for about £1.23 million.
What is the dividend for MORE preferred shares?
The first weekly dividend is set at £0.2301 per share.
How has Bitcoin's price reacted to the purchase?
Bitcoin's price has remained relatively stable, with a 0.46% decline over the past 24 hours.
How much is 1 Bitcoin worth in naira today?
About ₦111.49M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $81,614.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.10% since this brief first published — trading at $81,614.00 now versus $81,533.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Cryptopolitan. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.