Bitcoin News Today: Satsuma Technology Raises £100M to Establish UK's Largest Corporate Bitcoin Treasury

London-based artificial intelligence firm Satsuma Technology has raised £100 million ($135 million) to establish the largest corporate Bitcoin treasury in the United Kingdom, surpassing previous records set by firms such as Phoenix Digital Assets. The company confirmed that all commitments in the funding round have been secured, with the full amount expected to be transferred within two weeks. This move positions Satsuma as a potential leader in the UK’s corporate Bitcoin adoption landscape, with its holdings projected to exceed 247 BTC (approximately $29 million) currently held by Phoenix Digital, though falling short of The Smarter Web Company’s 1,600 BTC ($190 million) reserve [1][2].

Satsuma CEO Henry Elder hailed the raise as a “turning point” for London’s financial market, emphasizing the synergy between corporate capital and decentralized AI technologies. The firm’s strategy centers on integrating Bitcoin with its AI-driven operations, particularly through its involvement in the Bittensor (TAO) ecosystem. This includes funding TAO subnets—validator nodes and a Subnet Task Marketplace—that distribute alpha tokens alongside TAO in liquidity pools. The value of these tokens is tied to subnet usage, creating a hybrid model where Bitcoin’s utility intersects with AI-driven data processing [2].

Mark Moss, Satsuma’s Chief Bitcoin Strategist, noted that the £100 million target reflects growing institutional confidence in Bitcoin’s long-term value. The firm plans to use the new capital to further expand its Bitcoin holdings and advocate for wider corporate adoption of the cryptocurrency. This aligns with a broader trend in the UK, where companies are increasingly allocating portions of their treasuries to Bitcoin. Last week, The Smarter Web Company added 325 BTC ($36 million) to its reserves under a decade-long purchasing strategy, underscoring the asset’s perceived role in future-proofing corporate portfolios [1].

The UK’s regulatory environment, however, remains a challenge. The Financial Conduct Authority (FCA) classifies most crypto assets as unregulated, excluding security tokens. This framework complicates compliance for firms like Satsuma, which must navigate evolving rules while scaling operations. Despite these hurdles, analysts suggest that disciplined Bitcoin treasury management will be critical during market downturns, though Satsuma’s substantial investment signals long-term confidence in BTC’s utility [2].

The funding underscores London’s growing prominence in the global crypto market. With institutional interest in Bitcoin treasury strategies accelerating, the UK is emerging as a hub for innovation at the intersection of AI and digital assets. As corporations continue to diversify their reserves with Bitcoin, the interplay between traditional finance and emerging technologies is likely to shape the next phase of market development.

Sources:

[1] [Satsuma Technology Raises $135M for UK's Largest Bitcoin Treasury Acquisition](https://www.kucoin.com/news/flash/satsuma-technology-raises-135m-for-uk-s-largest-bitcoin-treasury)

[2] [UK Company Sets Local Record With $135M Bitcoin Investment](https://financefeeds.com/uk-company-sets-local-record-with-135m-bitcoin/)

[3] [Satsuma Technology Sets UK Record with $135M Bitcoin Treasury Raise](https://themoonshow.com/news/satsuma-technology-sets-uk-record-with-135m-bitcoin-treasury-raise/)