UK AI company Satsuma completes $217.6 million fundraising, BTC reserves increase to 1125.85

Satsuma Technology, a UK-based AI company, announced the successful completion of its second round of convertible loan notes, raising approximately £163.6 million (US$217.6 million), exceeding its target by 63.66%. The fundraiser received support from institutions including ParaFi, Pantera, DCG, and Kraken, and received 1,097 Bitcoin as part of the funding, increasing its Bitcoin reserves to 1,125.85. The funds will be used to expand its decentralized AI and Bitcoin finance strategies, including strengthening operations and retaining a portion for cash flow.