TLDR
- Satsuma Technology has raised $135 million in a record-breaking Bitcoin treasury funding round in the UK.
- The company expects all committed funds from the raise to arrive within two weeks.
- Satsuma may become the second-largest corporate Bitcoin holder in the UK following this acquisition.
- The raise was conducted through a secured convertible loan note offering for institutional and accredited investors.
- Satsuma plans to use the funds to expand its AI and blockchain operations and grow its presence in the Bitcoin ecosystem.
London-based Satsuma Technology has completed a $135 million fundraise, setting a new national record for a Bitcoin treasury raise. The firm confirmed that all funds will arrive within two weeks, enabling a swift transition into digital assets. This development positions Satsuma among the UK’s top corporate holders of Bitcoin by market value.
The record-breaking raise occurred through a secured convertible loan note offering directed at institutional and accredited investors. Fortified Securities managed the non-US portion, while Dawson James Securities oversaw the US private offering. This marked a strategic effort to attract global investors aligned with Satsuma’s decentralized technology vision.
The company aims to use the funds to strengthen both its operations and its presence within the UK’s growing Bitcoin ecosystem. With rising institutional interest in crypto holdings, Satsuma’s move reflects a broader trend across digital asset markets. The raise also reinforces London’s role as a hub for emerging fintech innovation.
Satsuma Eyes Second Spot Among UK Bitcoin Treasury Holders
Satsuma Technology may soon become the second-largest Bitcoin holder among UK firms, pending full conversion of its new treasury. The company’s expected Bitcoin acquisition could surpass Phoenix Digital Assets, which currently holds 247 BTC valued at $29 million. Only The Smarter Web Company ranks higher with 1,600 BTC, currently worth around $190 million.
This potential milestone would distinguish Satsuma from others by achieving scale through a single acquisition event. The Smarter Web accumulated its Bitcoin treasury over time, but Satsuma plans an immediate allocation strategy. If executed as planned, it would become the largest single Bitcoin purchase by a UK firm.
The firm’s focused approach demonstrates confidence in long-term digital asset value. Satsuma’s treasury strategy aligns with its broader operational goals in AI and blockchain-based infrastructure. As institutional adoption grows, such sizable moves could redefine crypto holdings within corporate finance.
Bitcoin Treasury Growth Supports Satsuma’s AI Blockchain Expansion
Satsuma Technology builds and operates subnets within the Bittensor decentralized AI marketplace. These subnets issue alpha tokens paired with TAO in liquidity pools, creating asset value based on market demand. The funding round now enables Satsuma to expand subnet deployment and validator node services.
The company plans to leverage its Bitcoin treasury to enhance liquidity and token ecosystem stability. Growth in subnet adoption is expected to increase demand for corresponding alpha tokens. With this model, the company ties infrastructure growth directly to asset performance.
