Bitcoin News Today: Satsuma Raises £163.6 Million in Oversubscribed Bitcoin Treasury Funding Round

Satsuma Technology PLC, a London-based Bitcoin treasury firm, has successfully concluded an oversubscribed second funding round, raising £163.6 million ($217.65 million) in secured convertible loan notes [1]. The round, which closed on July 28, 2025, far exceeded its minimum £100 million target, reflecting robust institutional demand for exposure to Bitcoin through a regulated and scalable vehicle [2]. The firm accepted 1,097 bitcoin as part of the fundraising, underscoring its deep integration with the Bitcoin ecosystem [3].

The capital raised will be allocated to expand the firm’s team, enhance infrastructure, and increase its Bitcoin holdings, with the latter managed through its Singapore-based subsidiary. The company, formerly known as TAO Alpha PLC, has rebranded to Satsuma and is actively developing AI-powered subnet ecosystems while participating in the Bittensor (TAO) decentralized AI marketplace [1]. This dual focus on Bitcoin-native treasuries and decentralized AI positions the firm at the intersection of two of the most promising technological and financial trends.

Satsuma’s ability to secure over £163 million in a market characterized by cautious sentiment highlights the growing institutional recognition of Bitcoin’s role as a store of value and a diversification tool. The firm’s institutional investor base included prominent digital asset funds and exchanges such as ParaFi Capital, Pantera Capital, Kraken, and Digital Currency Group [1]. Several major London-based equity funds, managing over £300 billion in assets, also participated in the round, signaling broader confidence in the firm’s business model and long-term strategy [2].

The fundraising represents not only a significant milestone for Satsuma but also for the broader Bitcoin treasury space. The firm’s CEO, Henry K. Elder, described the raise as a “landmark validation” of the company’s strategy to combine Bitcoin treasuries with decentralized AI [1]. This development aligns with increasing corporate and institutional adoption of Bitcoin as a strategic asset, driven by its resilience, programmability, and increasing institutional-grade infrastructure.

With the latest capital, Satsuma is expected to strengthen its position as a leading player in the institutional Bitcoin market. The firm’s approach—leveraging Bitcoin as a core balance sheet component—has gained traction as more organizations seek to integrate digital assets into their treasury strategies. The success of this round highlights the maturation of the Bitcoin investment landscape and the expanding opportunities for firms that bridge traditional finance with emerging digital assets [3].

Source:

[1] https://news.bitcoin.com/bitcoin-treasury-firm-satsuma-raises-218m-in-oversubscribed-round/

[2] https://x.com/0xOnlyCalls/status/1953064745340158368

[3] https://www.cryptonsole.com/satsuma-raises-218m-accepts-bitcoin-in-fund-round/