Published Jul 23, 2026, 5:15 AM ET · Updated 4 months ago · 2 sources

THE BLOCK: The Smarter Web Company sold 177.89 bitcoin at $65,762 to repay $11.7 million to TOBAM two weeks early. The repayment cancels potential issuance of 7,718,551 shares. CEO Andrew Webley said convertibles are no longer the right capital solution for the firm.

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Original Report

THE BLOCK: The Smarter Web Company sold 177.89 bitcoin at $65,762 to repay $11.7 million to TOBAM two weeks early. The repayment cancels potential issuance of 7,718,551 shares. CEO Andrew Webley said convertibles are no longer the right capital solution for the firm.