Satsuma Draw $217M, Become Na UK’s No.2 Bitcoin Holder
Satsuma Technology PLC, wey be AI infrastructure company wey dey London market, don finish one funding wey pass wetin dem expect of $217.6 million—64% pass dia target—wey ParaFi, Pantera Capital, Kraken and Digital Currency Group support. Investors put in 1,097.29 BTC, wey make Satsuma bitcoin treasury reach 1,125.85 BTC (near $128 million). Under dia Singapore branch, Satsuma be now the UK second biggest corporate Bitcoin holder, after The Smarter Web Company but pass Phoenix Digital Assets. The money go help dem scale operations, expand team and develop decentralized AI. This deal show say companies dey want Bitcoin more especially as UK dey work on crypto regulation. BTC dey trade near $114,154, up 108% from last year. Traders suppose dey watch corporate Bitcoin holdings as good sign say market go stable and Bitcoin go well used.
Bullish
Dis funding round di direct Bitcoin infusion and Satsuma e expand treasury dey show say institutional confidence and corporate demand for digital assets dey rise. For short term, di increase for corporate Bitcoin holdings fit support price floors and reduce volatility as di coin dem move from exchange go treasury. For long term, high-profile corporate adoption during di UK crypto regulations wey dey evolve fit trigger more institutional entry, wey go boost market liquidity and stability. Traders dey always view di corporate allocations like bullish signals, wey mean say demand go strong and di infrastructure go get better support.