Satsuma Technology, a UK-based artificial intelligence firm, has set a new record for Bitcoin treasury acquisitions in the UK, raising £100 million ($135 million) to fund one of the largest single Bitcoin purchases by a corporate entity in the country .
The company announced on July 6, 2025, that it had exceeded its $135 million target through a secured convertible loan note offering, with committed funds expected to settle within two weeks . If the full amount is converted into Bitcoin, the acquisition would position Satsuma as the second-largest corporate BTC holder in the UK, trailing only The Smarter Web Company's 1,600 BTC ($190 million) and surpassing Phoenix Digital Assets' 247 BTC ($29 million) .
The raise was structured with Fortified Securities as the lead broker for non-U.S. investors and Dawson James Securities for U.S. accredited investors. Satsuma's chairman, Matt Lodge, emphasized that the funding will accelerate business growth and establish the company as a leader in London's Bitcoin community . CEO Henry Elder described the raise as a pivotal moment for both Satsuma and the London market, highlighting the firm's vision of integrating corporate treasury and decentralized AI .
Satsuma Technology runs, funds and launches its own Bittensor (TAO) subnets, providing validator nodes and a Subnet Task Marketplace . The company operates Bittensor (TAO) subnets, a decentralized AI marketplace, and issues alpha tokens linked to subnet liquidity pools, which derive value from subnet adoption .
This announcement follows Satsuma's earlier acquisition of 28.56 BTC on July 14, signaling a direct commitment to on-chain activity . The funding round underscores a broader trend of institutional players integrating Bitcoin into their portfolios .
Satsuma Technology PLC, formerly Tao Alpha PLC, a publicly traded UK company, has finalized a funding round surpassing £100 million to bolster its Bitcoin accumulation strategy .