Smarter Web Sells 178 Bitcoin To Repay $11.7M TOBAM Debt

The Smarter Web Company has sold part of its Bitcoin treasury to repay an $11.7 million convertible debt facility held by TOBAM, choosing balance-sheet flexibility over additional equity dilution.
The company said it sold 177.8909127 BTC at an average price of $65,762 to repay the “Smarter Convert” instrument early. The facility totaled $11,698,540 and was settled roughly two weeks ahead of schedule.
That may sound bearish at first glance because the company sold Bitcoin. But the rea