Satsuma Technology Raises $217.6 Million, Becomes Second-Largest UK Bitcoin Holder

Satsuma Technology PLC has successfully raised $217.6 million, exceeding its original target by 64%. The company accepted 1,097.29 Bitcoin as part of this funding round.

Major investors include ParaFi, Pantera Capital, Kraken, and Digital Currency Group.
Funding will enhance operational capacity, expand teams, and support decentralized AI initiatives.
Satsuma's total Bitcoin holdings now amount to 1,125.85 BTC, valued at approximately $128 million, held via its subsidiary in Singapore.
The firm ranks as the second-largest corporate Bitcoin holder in the UK, following The Smarter Web Company.
Recent UK regulatory changes aim to foster a more welcoming environment for digital assets.

Currently, Bitcoin trades at around $114,154, maintaining a 108% increase over the past year despite being 7.46% below its all-time high of $123,000.

Distribution of UK-based entities holding BTC | Source: BitcoinTreasuriesNet