Satsuma Secures $218M, Including $125M in BTC, to Advance Bitcoin Strategy

The New MicroStrategy? UK Firm Settles Majority Of Convertible Notes In Bitcoin — Details – #CryptoUpdatesGNIT

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A new contender has entered the conversation about institutional Bitcoin adoption, and it’s not from Silicon Valley. London-listed Satsuma Technology, formerly TAO Alpha, has completed a massive £163.6 million ($218 million) convertible note financing round, but with an unexpected twist: nearly 60% of it was settled in BTC.  According to a recent …

ParaFi, Kraken Back UK Bitcoin Treasury Firm Satsuma in $218M Convertible Note Offering

Quick take: ParaFi Capital led the round with participation from Arrington Capital, FalconX, DCG, Blockchain.com, Borderless Capital, Kraken, Pantera Capital, and Kinetic Capital, among others. The notes will convert into ordinary shares of £0.001 each in the capital of the Company at £0.01 per share. The company plans to use the net proceeds to invest in decentralized AI and establish a strategic Bitcoin treasury. Satsuma Technology PLC (LSE: …

Bitcoin Treasury Firm Satsuma Raises $218M in Oversubscribed Round - Coin Surges

London-based Satsuma Technology PLC has successfully raised £163.6 million ($217.65 million) in an oversubscribed second round of secured convertible loan notes, significantly exceeding its minimum £100 million target. London’s Satsuma Raises Funds for AI and Bitcoin Plans The publicly listed company, Satsuma (LSE: SATS), specializing in decentralized artificial intelligence (AI) and bitcoin-native treasury management, confirmed […] Read Entire …

Bitcoin Treasury Firm Satsuma Raises $218M in Oversubscribed Round – Crypto News Bitcoin News

London-based Satsuma Technology PLC has successfully raised £163.6 million ($217.65 million) in an oversubscribed second round of secured convertible loan notes, significantly exceeding its minimum £100 million target. London’s Satsuma Raises Funds for AI and Bitcoin Plans The publicly listed company, Satsuma (LSE: SATS), specializing in decentralized artificial intelligence (AI) and bitcoin-native treasury management, confirmed […]

UK-based Firm Satsuma Technology Raises £163.6M via Convertible Notes

Satsuma raised £163.6M, exceeding its £100M target by over 60% in strong demand. £96.9M of the raise was settled in Bitcoin, marking a London Stock Exchange first. Funds will boost AI operations, with Bitcoin reserves held by Satsuma’s Singapore arm. Satsuma Technology PLC (LON: SATS) has completed a £163.6 million capital raise via a secured convertible loan note. The London-listed firm initially aimed to raise £100 million but closed the round…

Satsuma Technology Raises £163.6M to Take Bitcoin Position

UK-based decentralized AI and Bitcoin treasury firm, Satsuma Technology, has raised £163.6 million, worth $217.6 million The post Satsuma Technology Raises £163.6M to Take Bitcoin Position appeared first on TheCoinrise.com.