UK AI Firm Secures $135M for Largest Bitcoin Treasury Investment to Date

Satsuma Technology, a London-based AI company, has secured $135 million to create a large Bitcoin treasury, setting a local record. This investment makes Satsuma a major player in the UK's cryptocurrency scene and could make it the second-largest corporate Bitcoin holder in the UK. The company aims to combine decentralized AI with corporate treasury strategy using its knowledge of the Bittensor ecosystem. The move is part of a larger trend of UK businesses combining digital assets with new technologies.

Satsuma Technology, a London-based artificial intelligence firm, has successfully raised $135 million to establish a substantial Bitcoin treasury, setting a new local record. This significant investment positions Satsuma as a major player in the UK's cryptocurrency scene and could potentially make it the second-largest corporate Bitcoin holder in the country, following The Smarter Web Company [1].

The funding, secured through a secured convertible loan note offering, was led by Fortified Securities for non-US investors and Dawson James Securities for US investors. The funds will be used to accelerate the growth of Satsuma's business operations and position the company at the forefront of the London Bitcoin community [1].

Satsuma Technology's CEO, Henry Elder, stated that the capital raise is a pivotal moment for both the company and the London market. The firm aims to combine decentralized AI with corporate treasury strategy by leveraging its expertise in the Bittensor (TAO) ecosystem. Satsuma runs and funds its own TAO subnets, providing validator nodes and a Subnet Task Marketplace. These subnets issue alpha tokens paired with TAO in liquidity pools, with their value dependent on subnet adoption [1].

The $135 million raise is part of a larger trend in the UK, where businesses are increasingly integrating digital assets with emerging technologies like AI. The Smarter Web Company, for instance, has accumulated approximately 1,600 BTC worth around $190 million, positioning itself as the largest corporate Bitcoin holder in the UK [1].

Satsuma's investment could make it the second-largest corporate Bitcoin holder in the UK, surpassing Phoenix Digital Assets, which currently holds 247 BTC valued at $29 million [1]. The planned acquisition could also mark the largest single Bitcoin purchase by a UK firm, as The Smarter Web Company accumulated its holdings through multiple transactions.

The move aligns with growing institutional interest in crypto treasuries, as UK firms increasingly blend digital assets with emerging technologies. However, regulatory challenges remain, with the Financial Conduct Authority treating most crypto assets as unregulated, except for security tokens [1].

References:
[1] https://cointelegraph.com/news/uk-firm-smashes-2025-local-bitcoin-treasury-record-with-135m-raise