Bitcoin News Today: Satsuma Raises £163.66M in Second Funding Round With $125M in Bitcoin

Satsuma Technology has raised a total of £163.66 million ($217.6 million) in a second convertible loan note round, which closed on July 28 and exceeded its minimum $129 million target by over 63%. Notably, nearly $125 million of the funding was settled directly in Bitcoin, marking the first time a London-listed company has received large-scale institutional investment in the cryptocurrency [1]. Investors contributed 1,097.29 BTC instead of £96.875 million in cash, signaling a strategic shift in how corporate fundraising is being conducted in the digital asset space [2].

The funding was led by ParaFi Capital, with participation from major crypto funds including Pantera Capital, Arrington Capital, Blockchain.com, Kraken, DCG, and Kenetic Capital. Additionally, several London-based equity funds managing over £300 billion in assets also took part, further underlining the institutional legitimacy being extended to Bitcoin-based investment strategies [3]. CEO Henry Elder described the round as a “landmark validation” of Satsuma’s approach to fusing a Bitcoin-native treasury with decentralized AI, a move he claims is a paradigm shift in corporate value creation [4].

The Bitcoin component of the raise is particularly significant because it allows both the company and investors to maintain exposure to the cryptocurrency throughout the transaction, bypassing traditional currency conversion processes. This method not only streamlines the fundraising process but also reflects the growing comfort among institutional actors in holding and transacting in digital assets [5]. Satsuma now holds 1,126 Bitcoin, valued at approximately $128.66 million, with an average cost per BTC of $115,149 [6].

While the company’s stock fell roughly 25% on the London Stock Exchange following the announcement, the oversubscribed nature of the round suggests strong demand for Bitcoin-focused corporate strategies [7]. This fundraising follows a $135 million raise in June, which had already positioned Satsuma as the UK’s second-largest corporate Bitcoin holder. The firm’s continued expansion of its Bitcoin treasury mirrors a broader trend in the corporate sector, where more than 90 public companies now hold Bitcoin on their balance sheets [8].

The adoption of Bitcoin in corporate treasuries has seen significant growth in 2025, with firms collectively adding over 244,991 BTC in the first half of the year. The number of companies holding more than 1,000 Bitcoin increased by 45.8% during the same period, reflecting an accelerating shift in institutional investment behavior [9]. Traditional financial institutions are also adapting to this trend, with Deutsche Bank planning cryptocurrency custody services for 2026 and asset managers expanding Bitcoin ETF offerings to meet institutional demand [10].

By securing $218 million, with $125 million in Bitcoin, Satsuma Technology has demonstrated a bold and forward-looking financial strategy that aligns with the evolving landscape of institutional finance. As the first UK-listed firm to conduct a major capital raise with Bitcoin settlement, the company is setting a precedent that may influence how other firms approach capital formation and treasury management in the digital age.

Sources:

[1] https://coinlaw.io/satsuma-raises-218m-bitcoin-uk-institutional-crypto/

[2] https://www.tradingview.com/news/cointelegraph:7ec3dd58c094b:0-satsuma-secures-218m-including-125m-in-btc-to-advance-bitcoin-strategy/

[3] https://coinstats.app/news/bbb469e17601cb1330a95123f8110ce7547f57771f84e1e47680c485684683dc_-Satsuma-secures-218M-including-125M-in-BTC-to-advance-Bitcoin-strategy-

[4] https://crypto.news/satsumas-218m-raise-marks-first-major-institutional-bitcoin-allocation-in-uk/

[5] https://mx.advfn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96575226/satsuma-secures-218m-including-125m-in-btc-to

[6] https://cointelegraph.com/tags/bitcoin

[7] https://m.economictimes.com/crypto-news-today-live-06-aug-2025/liveblog/123126163.cms

[8] https://www.todayonchain.com/news/

[9] https://startupnews.fyi/2025/08/06/how-to-share-location-on-iphone-the-ultimate-step-by-step-guide-for-2025/