Smarter Web Buys 20 BTC, Announces First Weekly Dividend 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 ₹77,45,277 ($81,614.00). This is an original Token Times brief based on reporting by Cryptopolitan, with live market data added, as of Fri, 23 Oct 2026 12:00:01 UTC.
This move highlights the growing trend of corporations adopting Bitcoin as a treasury asset while also demonstrating a novel approach to shareholder returns through crypto-backed dividends.
- Smarter Web added 20 BTC to its treasury for £1.23 million.
- The company announced a weekly dividend of £0.2301 per MORE preferred share.
- The purchase coincides with Bitcoin's neutral market sentiment (Fear & Greed: 50).
- Strategy Buys $22M in Bitcoin, Repurchases $193M in STRC Shares
- Smarter Web Buys 20 BTC, Announces First Weekly Dividend for Preferred Shares — this brief
The Smarter Web Company, recognized as the largest public corporate holder of 
Bitcoin in the UK, announced on October 23 that it has added 20 BTC to its treasury. The purchase was made for approximately £1.23 million.
In addition to the Bitcoin acquisition, the company has set the first weekly dividend for its MORE preferred shares. The dividend is set at £0.2301 per share, which will fund the company's Bitcoin purchases.
This development comes at a time when the overall cryptocurrency market is relatively flat, with Bitcoin showing a slight 24-hour decline of 0.46% and a 7-day change of -0.42%. The current market cap of Bitcoin is $1.64 trillion.
The Fear & Greed Index stands at 50, indicating a neutral market sentiment. This suggests that while investors are not overly optimistic or pessimistic, Smarter Web's move could be seen as a strategic long-term investment.
The company's decision to continue accumulating Bitcoin and initiating dividend payments underscores the growing trend of corporations viewing Bitcoin as a valuable treasury asset. Investors will likely watch for further developments in Smarter Web's Bitcoin strategy and the performance of its MORE preferred shares.
Since this brief published about 57 minutes ago, Bitcoin (BTC) has moved from ₹77,37,590.22$81,533.00 to ₹77,45,277.23$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 Token Times'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 ≈ ₹8.47M (about $81,614.00), down 0.1% over 24 hours. The rupee itself trades about 9.3% above the official rate on the P2P market, so a Indian 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, Announces First Weekly Dividend for — questions & answers
How much Bitcoin did Smarter Web purchase?
Smarter Web added 20 BTC to its treasury for about £1.23 million.
What is the dividend for MORE preferred shares?
The first weekly dividend for MORE preferred shares is set at £0.2301 per share.
What is the current market sentiment for Bitcoin?
The Fear & Greed Index is at 50, indicating a neutral market sentiment.
How much is 1 Bitcoin worth in rupee today?
About ₹8.47M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $81,614.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee 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 ₹77,45,277 ($81,614.00) now versus ₹77,37,590 ($81,533.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times 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 Token Times 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.