Satsuma Technology closes a $217 million funding, accepting over 1,097 BTC and solidifying its position as one of the country’s top corporate Bitcoin holders.
By Parth Dubey
Editor Hamza Tariq
Updated
3 mins read
Satsuma Technology PLC, a London-listed AI infrastructure company, has closed a $217.6 million fundraising round, 64% above its original target. Interestingly, it accepted 1,097.29 Bitcoin BTC $114 963 24h volatility: 1.8% Market cap: $2.29 T Vol. 24h: $32.30 B from investors as part of the funding.
The raise was supported by top digital asset investors, including ParaFi, Pantera Capital, Kraken, and Digital Currency Group, making it one of the most significant fundraisers for a Bitcoin-focused UK company.
🚨JUST IN: 🇬🇧 Satsuma Technology closes a massive £163.7M ($217.6 million) raise, 64% above target, with backing from ParaFi, Pantera, DCG, Kraken, and others.
1,097 BTC accepted as part of the funding, boosting its #Bitcoin treasury strategy. They should now have 1,125.85 BTC… pic.twitter.com/URQrVtkEaQ
— NLNico (@btcNLNico) August 6, 2025
Satsuma will use the raised capital to grow operational capacity, expand Satsuma’s operational teams, and continue pioneering work in decentralized AI. A portion of the funds will remain in fiat to ensure operating stability, while the rest will support its Bitcoin treasury strategy.
The move expands Satsuma’s Bitcoin holdings to a total of 1,125.85 BTC, worth around $128 million. The BTC is held by its Singapore-registered subsidiary, Satsuma Pte.
CEO Henry K. Elder said the oversubscribed round validates the company’s new crypto based corporate model, fusing BTC with decentralised AI.
“The fact that many chose to subscribe in the first-ever bitcoin subscription in London speaks to their trust in our ability to innovate and execute,” he writes.
Satsuma now ranks as the second-largest corporate holder of Bitcoin in the UK, just behind The Smarter Web Company, which holds 2,050 BTC. Phoenix Digital Assets holds third place with 247 BTC.
Bluebird Mining Ventures, a UK-based gold mining firm, also recently announced its intention to adopt Bitcoin as its primary treasury reserve asset.
The UK has recently taken steps to welcome digital assets more openly. In May 2025, the government introduced draft legislation aiming to create a comprehensive regulatory framework for crypto assets.
As per the data by BitcoinTreasuriesNet, 20 UK-based entities currently hold Bitcoin. This includes 11 public companies, 5 private firms, 3 ETFs or funds, and 1 government entity, up by 3 in the past 30 days.
Distribution of UK-based entities holding BTC | Source: BitcoinTreasuriesNet
At the time of writing, Bitcoin is trading around $114,154 with no loss or gains in the past day. Although the cryptocurrency is currently 7.46% below its all-time high of $123,000, it has still gained 108% over the last year.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.