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Bitcoin News – Satsuma’s £100M Bitcoin Buy Shakes UK Market
Bitcoin News – London‑based artificial intelligence company Satsuma Technology has successfully raised £100 million (approx. $135 million) to fund a new Bitcoin treasury, setting a national record for corporate BTC holdings in the UK. According to the firm’s announcement, the amount raised materially exceeded the $135M target, with all funds expected to be delivered within the next two weeks.
Potentially Second‑Largest Corporate BTC Holder in UK
If Satsuma converts the full amount into Bitcoin, it would become the second‑largest corporate BTC holder in the UK, trailing only The Smarter Web Company, which holds roughly 1,600 BTC (~$190M). Currently, Phoenix Digital Assets is in second place with 247 BTC (~$29M). The proposed acquisition could also represent the largest single BTC purchase by a UK firm, since most other firms accumulated their holdings via multiple transactions.
Convertible Note Raise Unlocks Institutional Funding
The substantial capital was raised through a secured convertible loan note offering. Lead broker roles were filled by Fortified Securities for non‑US investors and Dawson James Securities in the US, where the deal was conducted as a private offering to accredited investors.
Strategic Vision: Fusing Bitcoin and AI
Chairman Matt Lodge noted, “The funding will enable us to both accelerate the growth of our business operations as well as position us at the forefront in London of the Bitcoin community.” CEO Henry Elder emphasized the firm’s ambition to test institutional appetite for intertwining corporate treasury with decentralized AI—a vision where Bitcoin and AI operate hand in glove.
Bittensor Subnet & Alpha Token Ecosystem
Satsuma runs and launches its own Bittensor (TAO) subnets, operating validator nodes and a Subnet Task Marketplace. These subnets issue alpha tokens paired with TAO in liquidity pools. As subnet adoption grows, the value of corresponding alpha tokens is expected to rise, according to the firm.
Why This Matters
This announcement arrives amid growing institutional interest in crypto treasuries, particularly as UK firms explore merging digital assets with AI innovation. Satsuma’s record-setting raise may signal a new era where corporate Bitcoin treasuries and decentralized artificial intelligence go hand in hand.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
