Bitcoin News Today: UK AI Firm Satsuma Raises $135M for Record Bitcoin Purchase

London-based artificial intelligence firm Satsuma Technology has set a new record for Bitcoin treasury acquisitions in the UK, raising £100 million ($135 million) to fund one of the largest single Bitcoin purchases by a corporate entity in the country. The firm announced on July 6, 2025, that it had exceeded its $135 million target through a secured convertible loan note offering, with committed funds expected to settle within two weeks [1]. If the full amount is converted into Bitcoin, the acquisition would position Satsuma as the second-largest corporate BTC holder in the UK, trailing only The Smarter Web Company’s 1,600 BTC ($190 million) and surpassing Phoenix Digital Assets’ 247 BTC ($29 million) [1]. The purchase also marks the largest single Bitcoin treasury acquisition by a UK firm, as The Smarter Web Company’s holdings were accumulated through multiple transactions [1].

The raise was structured with Fortified Securities as the lead broker for non-U.S. investors and Dawson James Securities for U.S. accredited investors. Satsuma’s chairman, Matt Lodge, emphasized that the funding will accelerate business growth and establish the company as a leader in London’s Bitcoin community [1]. CEO Henry Elder described the raise as a pivotal moment for both Satsuma and the London market, highlighting the firm’s vision of integrating corporate treasury and decentralized AI [1]. The company operates Bittensor (TAO) subnets, a decentralized AI marketplace, and issues alpha tokens linked to subnet liquidity pools, which derive value from subnet adoption [1].

The record raise underscores growing institutional interest in crypto treasuries as UK firms increasingly combine digital assets with emerging technologies like AI. Satsuma’s strategic move follows a broader trend of corporate Bitcoin adoption, with recent reports indicating heightened investor confidence in major Bitcoin treasury companies amid rising BTC prices [2]. The firm’s approach—leveraging convertible notes to secure capital—reflects innovative financing strategies in the crypto space, particularly in regions where regulatory frameworks are evolving to accommodate digital asset investments [1].

By aligning Bitcoin treasury management with AI infrastructure development, Satsuma is positioning itself at the intersection of two high-growth sectors. The acquisition not only bolsters its Bitcoin holdings but also supports its role in advancing decentralized AI ecosystems through validator nodes and the Subnet Task Marketplace [1]. Analysts have noted that such cross-sector initiatives could drive long-term value, particularly as institutional appetite for crypto treasuries matures. However, the success of this strategy will depend on the firm’s ability to scale its AI infrastructure and maintain market confidence amid potential regulatory shifts [1].

The transaction highlights the UK’s emerging role in global Bitcoin treasury markets. With Satsuma’s $135 million raise, the country has demonstrated its capacity to compete with other jurisdictions in attracting institutional capital for digital asset investments. This development aligns with broader European efforts to establish regulatory clarity for crypto assets, potentially fostering further innovation and investment in the region.

Source:

[1] [UK firm smashes 2025 local Bitcoin treasury record with $135M raise](https://cointelegraph.com/news/uk-firm-smashes-2025-local-bitcoin-treasury-record-with-135m-raise)

[2] [MLQ.ai | Stocks](https://mlq.ai/news/)