Satsuma Technology raised $135 million to fund one of the UK's biggest single Bitcoin treasury acquisitions, positioning itself as a top regional BTC holder.
London-based artificial intelligence firm Satsuma Technology raised 100 million British pounds ($135 million) for its new Bitcoin treasury, setting a national record for BTC treasury raises.
According to a Thursday announcement, Satsuma Technology said it “has successfully closed the book on the raise materially in excess” of the $135 million target. The company expects all committed funds to arrive within the next two weeks.
If the full amount is converted into Bitcoin, the purchase would make Satsuma the second-largest corporate Bitcoin (BTC) holder in the UK, behind The Smarter Web Company, which holds 1,600 BTC worth about $190 million, according to BitcoinTreasuries.NET data. Currently, Phoenix Digital Assets holds second place with 247 BTC valued at $29 million.
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