Bitcoin News Today: Satsuma Raises $217.6M With 57.5% In Bitcoin Backing From Crypto And Traditional Firms

Satsuma Technology has raised $217.6 million through a convertible loan note offering, with over half of the proceeds—approximately $125 million—settled in Bitcoin. This significant capital raise marks a pivotal moment for corporate treasury strategies and reflects growing institutional interest in integrating digital assets into corporate finance models [1]. The funding round, which closed on July 28, 2025, surpassed its minimum target by 63%, indicating robust demand from both traditional equity firms and leading crypto-native investors [2].

The investment was backed by major players in the crypto and traditional finance sectors, including ParaFi Capital, Pantera Capital, Arrington Capital, Blockchain.com, Kraken, DCG, and Kenetic Capital. These firms, along with several London-based equity funds managing over £300 billion in combined assets, contributed to the round, highlighting the convergence of institutional capital in digital asset adoption [3]. The loan notes are set to convert to equity at $0.013 per share, contingent on shareholder approval and regulatory clearance [4].

Satsuma Technology’s strategic objective is to integrate Bitcoin into its corporate treasury model while advancing decentralized AI infrastructure. The company has already acquired 1,126 Bitcoin, with an average cost of $115,149 per coin, and plans to expand its holdings through its Singapore-registered subsidiary, Satsuma Pte [5]. The raised capital will be allocated toward operational expenses, including hiring developers and scaling Bitcoin-related initiatives [6]. As part of its broader vision, Satsuma operates and funds Bittensor (TAO) subnets, providing validator nodes and infrastructure for the decentralized AI ecosystem [7].

This fundraising builds on Satsuma’s June 2025 announcement of a $135 million raise, signaling a strategic commitment to building a robust Bitcoin treasury. The firm’s current Bitcoin holdings are valued at approximately $128.66 million, although they remain at a slight unrealized loss of 0.76% [8]. The broader market context also shows a surge in corporate interest in crypto treasuries, with over $7.8 billion in planned purchases across the industry, led by Ethereum and Bitcoin as primary assets [9].

Satsuma’s approach exemplifies a growing trend among public companies to treat Bitcoin not just as a speculative asset but as a strategic component of corporate balance sheets. While its shares dropped 14% following the announcement, the broader implication is that companies are increasingly viewing digital assets as tools for enhancing liquidity, innovation, and long-term value [10].

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[1] "Satsuma Technology Raises $217.6 Million with Bitcoin Support, Highlighting Institutional Interest in Crypto Treasury Strategies," https://en.coinotag.com/satsuma-technology-raises-217-6-million-with-bitcoin-support-highlighting-institutional-interest-in-crypto-treasury-strategies/