Satsuma Technology Sets UK Record with $135M Bitcoin Treasury Raise

Satsuma Technology, a UK-based artificial intelligence company, has raised £100 million ($135 million) to fund a Bitcoin (BTC) treasury. The company has broken a national record, marking the largest such initiative ever undertaken by a UK company. Satsuma confirmed this in a statement released on Thursday. The company verified that the funding round exceeded its original target, with all committed capital expected to be received within two weeks.

Satsuma Technology Breaks UK Record

If fully converted into Bitcoin, this would propel the firm into second place among UK corporate Bitcoin holders, trailing only The Smarter Web Company, which holds 1,600 BTC valued at around $190 million. Satsuma’s acquisition would surpass Phoenix Digital Assets, which holds 247 BTC worth $29 million.

The company plans to execute what could be the largest single Bitcoin purchase in UK corporate history. In contrast, The Smarter Web Company accumulated its holdings through multiple purchases over time.

The raise was conducted via a secured convertible loan note offering. Fortified Securities served as the lead broker for non-U.S. investors, while Dawson James Securities managed the U.S. offering, which was limited to accredited investors.

Chairman Matt Lodge emphasized the dual purpose of the raise: “The funding will enable us to both accelerate the growth of our business operations as well as position us at the forefront in London of the Bitcoin community.”

Henry Elder, CEO of Satsuma Technology, called the raise a milestone for the London tech scene, describing the initiative as a decisive test for institutional interest toward a future where decentralized artificial intelligence and Bitcoin treasury management converge.

Satsuma Technology is deeply involved in the Bittensor ecosystem, a decentralized AI marketplace. The company builds infrastructure and AI agents, operates validator nodes, and runs its own Bittensor subnets. These subnets issue “alpha tokens,” which are paired with Bittensor’s TAO token in liquidity pools. The value of alpha tokens fluctuates based on each subnet’s adoption and market strength.

“As subnet adoption grows, so does the value of its corresponding alpha tokens,” the company noted.

This move demonstrates a larger pattern of institutional involvement in cryptocurrency, especially as established businesses increasingly combine digital assets with cutting-edge technologies like artificial intelligence. Satsuma's bold increase highlights London's changing place in the global crypto and AI scene while also indicating increased trust in Bitcoin as a treasury asset.