Satsuma Technology Raises £100 Million to Build Second-Largest Bitcoin Treasury in the UK

Satsuma Technology, a London-based AI firm, has secured £100 million (around $135 million USD) to create a dedicated Bitcoin treasury, marking a significant milestone in the UK’s corporate crypto landscape. This fundraising round surpassed initial targets, with the company anticipating full capital deployment within two weeks. Upon conversion to Bitcoin, Satsuma is poised to become the second-largest corporate Bitcoin holder in the UK, trailing only The Smarter Web Company, which currently holds approximately 1,600 BTC valued near $190 million. This strategic move underscores growing institutional interest in Bitcoin as a treasury asset, reflecting broader trends in digital asset adoption among technology enterprises.