On July 24, Satsuma Technology PLC, a British publicly traded firm also known as Tao Alpha PLC, successfully closed a financing round surpassing £100 million. Mark Moss, the company’s chief Bitcoin strategist, emphasized that this substantial capital injection underscores robust market confidence in Satsuma’s strategic vision and operational execution. The fresh funding will bolster the company’s efforts to establish a decentralized infrastructure platform in London, enhance its Bitcoin accumulation initiatives, and strengthen its position in fostering institutional BTC adoption across Europe. Earlier, on July 14, Tao Alpha disclosed its initial acquisition of 28.56 BTC, signaling a clear commitment to expanding its cryptocurrency holdings. This development highlights Satsuma’s growing influence within the European crypto ecosystem and reflects a broader institutional interest in Bitcoin as a strategic asset.
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