RE: Oh dear, they are trying to do a book build and for £15m!!17 Jul 2025 19:01
Right, so the company answered my earlier question, they finance their Bitcoin purchases via accelerated book builds. The institutions buy the shares to give themselves access to Bitcoin (which, I assume, they cannot hold directly). Click, click, sorry about my slowness but, hey, I'm getting there. Does anyone know if the institutions are subject to a lock-in period (ie can they sell the shares straightaway)? ... Also, anyone else notice, after a sideways day of going nowhere, the price of SWC rose quite dramatically in the last hour, just before the RNS. Hmm, naughty, naughty ...