Satsuma Technology Raises $217.6M to Boost Bitcoin Treasury Strategy

Satsuma Technology PLC, a company building at the convergence of decentralized AI and Bitcoin treasury strategy, today announced the successful closing of its significantly oversubscribed funding round.

Initiated on June 24, 2025, the round concluded on July 28, 2025, raising approximately $217.6 million, exceeding the initial target of £100 million by an impressive 63.66%. This substantial capital injection highlights the market’s confidence in Satsuma’s innovative vision and strategic direction.

Satsuma Technology Raises $217.6M

The funding round garnered substantial support from a diverse group of investors, including specialist global funds and exchanges focused on digital assets, as well as significant institutional equity funds. Notable backers include ParaFi, Pantera, DCG, and Kraken, further validating Satsuma’s position within the digital asset landscape.

A particularly noteworthy aspect of the fundraising was Satsuma’s acceptance of 1,097.29 BTC in place of $128.7 million in cash. This strategic decision reinforces the company’s commitment to its Bitcoin treasury strategy and further solidifies its position as a leader in this emerging field.

Moreover, the acquired Bitcoin, designated as the “Fundraising BTC,” is currently held by Satsuma Pte. Following this acquisition, Satsuma now has 1,125.85 BTC in crypto, demonstrating its robust commitment to Bitcoin as a core component of its treasury management.

The Board of Directors accepted a settlement in BTC to advance Satsuma’s pioneering role in Bitcoin treasury strategy implementation. The Board understood that fundraising aims to secure finance, and Bitcoin, as a fungible non-fixed asset, aligns with this objective. They determined the number of BTC accepted using a fixed daily rate, which provided a 24-hour subscription window.

Open Financial Reports

Satsuma raised the funds through a second secured convertible loan note round, issuing the relevant loan notes (the “Loan Notes”) to subscribers.

However, before Satsuma can turn the loan notes into shares for fundraising BTC, it will get a valuation report. This report follows section 593 of the Companies Act 2006. Satsuma will also follow the rules in this Act.

To be open and keep everyone involved, the Board plans to share unaudited financial reports for the period ending August 6, 2025. Notably, today is the day after the fundraising money is settled. These reports will give investors a straightforward and quick look at the funds raised and the financial performance of Satsuma and Satsuma Pte.

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