The Smarter Web Company gets shareholder go-ahead for UK’s first BTC-backed preferred stock

The Smarter Web Company’s shareholders approved the UK’s first preferred stock backed by Bitcoin, expanding the use of BTC as corporate treasury collateral and financing infrastructure. The move comes as Bitcoin ETF inflows reached $2.4 billion and exchanges recorded a 35,800 BTC weekly outflow, indicating tightening liquid supply. However, altcoin spot trading volume rose to nearly four times Bitcoin’s, signaling that broader crypto-market activity is diverging from Bitcoin-led flows. Overall, the approval strengthens Bitcoin’s institutional utility while supply constraints remain a potentially supportive market factor.