Satsuma Technology Raises $135 million to Build Bitcoin Vault
2025-07-24 12:57:09
According to Cointelegraph, London-based artificial intelligence company Satsuma Technology has raised 100 million pounds (about $135 million) to build a bitcoin treasury, setting a record for the UK bitcoin treasury. The company said it has successfully raised more than the target amount and expects all committed funds to be in place within the next two weeks. If all the funds are converted to bitcoin, the acquisition will make Satsuma the second largest corporate bitcoin holder in the UK, behind The Smarter Web Company, which holds 1,600 BTC (worth about $190 million).
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