TD Cowen raises Smarter Web price target to $0.99

TD Cowen raised its price target for The Smarter Web Company, a UK-listed firm that has adopted a Bitcoin treasury strategy, to £0.73 ($0.99) from £0.64 ($0.87), The Block reported. The revision reflects the company’s planned IPO of its perpetual preferred stock, MORE. Smarter Web previously said it plans to list MORE on the London Stock Exchange to raise up to £25 million and currently holds 2,747 BTC.