Satsuma Raises $135M, Sets UK Bitcoin Treasury Record
Satsuma Technology, a London-based AI firm, has raised £100 million ($135 million) to build its Bitcoin treasury, marking the largest corporate Bitcoin treasury raise in UK history. All commitments are secured, with funds to be onboarded within two weeks. CEO Henry Elder highlights the growing intersection between corporate capital, decentralized AI, and Bitcoin treasury strategy. The firm aims to expand its BTC holdings further, potentially surpassing Phoenix Digital’s 247 BTC reserve. This move signals heightened confidence in corporate Bitcoin adoption among UK companies and is expected to encourage peers to integrate digital assets. Analysts predict more firms will follow Satsuma’s approach, reinforcing London’s role in the global crypto market and aligning with broader European regulatory developments. Last week, The Smarter Web Company added 325 BTC as part of its decade-long acquisition plan, reflecting a growing trend of corporate Bitcoin adoption.
Bullish
This move by Satsuma to raise $135M for a corporate Bitcoin treasury demonstrates strong institutional confidence in Bitcoin strategy, akin to early corporate adopters like MicroStrategy and Tesla, which historically have boosted market sentiment. In the short term, this news may drive increased BTC demand and upward price pressure; long term, large-scale corporate treasuries can improve market liquidity and stability, reducing volatility and providing a solid foundation for industry growth. Moreover, if more UK firms follow Satsuma, it could reinforce a bullish consensus, further cementing Bitcoin’s role in corporate asset allocation.