Satsuma Raises $217M, Becomes UK’s No.2 Bitcoin Holder
Satsuma Technology PLC, a London-listed AI infrastructure firm, has closed an oversubscribed $217.6 million funding round—64% above target—backed by ParaFi, Pantera Capital, Kraken and Digital Currency Group. Investors contributed 1,097.29 BTC, boosting Satsuma’s bitcoin treasury to 1,125.85 BTC (approx. $128 million). Under its Singapore arm, Satsuma now ranks as the UK’s second-largest corporate Bitcoin holder, behind The Smarter Web Company and ahead of Phoenix Digital Assets. Funds will fuel operational scaling, team expansion and decentralized AI development. The deal highlights growing corporate demand for Bitcoin amid UK crypto regulation developments. BTC trades near $114,154, up 108% year-over-year. Traders should watch corporate Bitcoin allocations as a bullish indicator for market stability and adoption.
Bullish
This funding round’s direct Bitcoin infusion and Satsuma’s expanded treasury underscore rising institutional confidence and corporate demand for digital assets. In the short term, increased corporate Bitcoin holdings can support price floors and dampen volatility as coins move off-exchange into treasuries. Over the long term, high-profile corporate adoption amid evolving UK crypto regulations may catalyze broader institutional entry, boosting market liquidity and stability. Traders often view such corporate allocations as bullish signals, indicating sustained demand and stronger infrastructure support.