Satsuma Technology, a London-based artificial intelligence company, has raised £100 million ($135 million) in a major move to acquire one of the largest Bitcoin treasuries in the United Kingdom. This landmark funding round positions Satsuma among the top corporate holders of Bitcoin in the UK, signaling growing institutional interest in digital assets.
Satsuma Bitcoin Treasury Push Sets UK Record
The company announced it had closed the raise significantly above its $135 million target, with all funds expected to be settled in the next two weeks. If fully converted into Bitcoin, the purchase will place Satsuma as the second-largest Bitcoin-holding firm in the UK, trailing only behind The Smarter Web Company, which holds approximately 1,600 BTC worth $190 million.
Currently, Phoenix Digital Assets holds second place with 247 BTC valued at $29 million. This means Satsuma could potentially surpass that figure in a single strategic acquisition, unlike The Smarter Web, which acquired BTC over multiple transactions.
Convertible Note Offering Led Global Raise
Satsuma’s funding was secured through a convertible loan note offering, with Fortified Securities leading non-US participation and Dawson James Securities managing accredited U.S. investors. This structure reflects rising global appetite for Bitcoin exposure through regulated corporate vehicles.
“The funding will enable us to accelerate business operations and position us as a Bitcoin leader in London,” said company chairman Matt Lodge.
Beyond the treasury move, Satsuma Technology is making waves by combining blockchain and artificial intelligence. The firm actively develops infrastructure for Bittensor (TAO), a decentralized AI network, by launching validator subnets and operating a Subnet Task Marketplace.
The company’s TAO subnets issue alpha tokens, which are paired with TAO in liquidity pools. “As subnet adoption grows, so does the market value of its associated alpha tokens,” the firm stated.
Institutional Crypto Interest in the UK Rising
Satsuma’s initiative comes amid a broader trend of institutional adoption of crypto treasuries in the UK, particularly among AI and tech-forward firms. With this move, Satsuma is not only securing digital assets but also signaling a long-term belief in the convergence of AI and decentralized technologies.
This milestone marks a turning point in the UK’s corporate crypto landscape, fusing Bitcoin with next-gen AI infrastructure.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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