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LONDON – AI firm Satsuma Technology has raised £100 million ($135 million) for its corporate Bitcoin treasury, setting a UK national record for BTCPurchases.
The investment round significantly exceeded its initial target. Funds are expected to fully materialize within two weeks.
Upon full utilization, the acquired Bitcoin holdings could position Satsuma as London’s second-largest corporate BTC holder by quantity. It would trail The Smarter Web Company (1,600 BTC, ~$190 million) and surpass Phoenix Digital Assets (247 BTC, ~$29 million). The likely single-batch purchase might also constitute the UK’s largest ever corporate Bitcoin buy transaction.
Funding proceeded through a secured convertible loan note issuance. Fortified Securities led UK international placements, while Dawson James Securities acted as US broker for accredited investors.
“This capital raises our company’s profile significantly and empowers us,” commented Chairman Matt Lodge.
“This funding validates our goal of integrating decentralized AI with traditional corporate finance,” CEO Henry Elder added. The company builds infrastructure, including validator nodes for decentralized AI network Bittensor.
The development occurs alongside heightened institutional investment in crypto assets, particularly as firms explore ways to integrate Bitcoin while leveraging emerging AI technologies.
