Satsuma Technology Don Raise $135M Convertible Loan To Make Bitcoin Buying Faster
London-based Satsuma Technology don secure £100 million (about $135 million) through private offer of secured convertible loan note to boost dia Bitcoin treasury strategy. Di fund raise, wey prominent funds and institutional investors lead, dem arrange am by Fortified Securities for non-US players and Dawson Jones for US accredited investors. If dem convert all to BTC, Satsuma go jump from holding 29 BTC (number five among UK companies) to second place, only behind The Smarter Web Company wey get 1,600 BTC. Mark Moss, Chief Bitcoin Strategist for Satsuma, talk say the money boost show say investors get confidence and go fuel their Bitcoin accumulation plus try push institutional adoption for Europe. This move dey come as UK dey shift towards better crypto regulations, including draft law for regulatory framework, plans for strategic Bank of England BTC reserve, and corporate treasury conversions like Bluebird Mining Ventures wey dey use BTC. For now, Bitcoin dey trade near $118,339, up 0.6% for 24 hours.
Bullish
$135 million convertible loan na mean say strong institutional demand an confidence for Bitcoin, e dey reflect past corporate treasury moves (like MicroStrategy debt-funded BTC purchase) wey boost market sentiment an prices. As Satsuma dey convert dis capital into BTC, demand go increase supply pressure, supporting short-term price gains. Long term, dis transaction dey reinforce di story of corporate Bitcoin adoption for Europe an di UK's evolving regulatory environment, wey fit attract more institutional inflows an support steady bullish momentum.