Satsuma Technology Sets UK Record with $135M BTC Raise

A London tech business is making waves in the world of corporate crypto. Satsuma Technology set a new national record this week, raising $135 million for a single Bitcoin treasury acquisition.

The milestone underscores a dramatic shift in how UK companies are approaching digital assets for financial resilience. The company’s funding round, run via a secured convertible loan note offering, closed above the original $135 million target.

Satsuma’s team says all funding will arrive within weeks, putting the firm on track to complete what will likely be the largest single Bitcoin buy by a UK business to date.

Satsuma’s Leap Toward the Top

If all funds are allocated to Bitcoin as planned, Satsuma will instantly become the UK’s second-largest corporate BTC holder. Only The Smarter Web Company, which accumulated 1,600 BTC through a series of transactions, will have a bigger stack of digital gold.

Phoenix Digital Assets, the next closest contender, holds just 247 BTC. Unlike rivals who built their reserves gradually, Satsuma intends to make its mark through a single, headline-making purchase.

This bold approach signals a rising appetite for digital assets as strategic reserves among British companies.

Did you know?
The Smarter Web Company’s 1,600 BTC position was built over multiple purchases, but Satsuma’s new treasury will likely be acquired in a single historic transaction.

Structure and Strategy of the Record Raise

Fortified Securities coordinated Satsuma's capital raise for non-US markets, while Dawson James Securities handled private placements in the US. The deal was marketed to institutional and qualified investors, reflecting the growing professionalization of high-value Bitcoin treasuries in the region.

Chairman Matt Lodge says the proceeds will be put to use strengthening business operations and advancing Satsuma’s profile as a major player in London’s tech corridors. CEO Henry Elder calls the moment “pivotal” not just for the company but also for the UK’s evolving digital asset sector.

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Where Artificial Intelligence Meets Bitcoin

Satsuma isn’t just buying Bitcoin. The company is a developer and operator in the Bittensor ecosystem, running validator nodes, deploying AI agents, and launching its subnets within a decentralized AI marketplace.

Its approach fuses advanced computing, digital token economics, and blockchain infrastructure. The business issues subnet-linked alpha tokens, paired with TAO on-chain, designed to appreciate as subnet utility and adoption expand.

By building a crypto-rich treasury backed by both digital assets and emerging AI technology, Satsuma is charting a course toward a new breed of tech-enabled financial strategy.

Signs of a Growing Trend

The move comes amid swelling institutional appetite for digital assets among UK corporates. Satsuma’s raise highlights a broader shift in treasury management, as traditional businesses explore alternatives to fiat-only reserve models.

The company’s record-setting move may soon inspire other ambitious British tech and AI firms to follow suit, especially as blockchain and artificial intelligence continue their rapid convergence.

As Satsuma completes its transformative Bitcoin acquisition, the UK's business landscape contemplates whether strategic digital asset allocation is becoming the benchmark for forward-thinking companies.