London-based tech company Satsuma successfully secures over £100M to bolster Bitcoin and AI development from its headquarters in the city.
Satsuma Secures Over £100 Million in Funding for Decentralized AI and Bitcoin Infrastructure Expansion
Satsuma Technology, a UK-based company at the intersection of decentralized AI and Bitcoin infrastructure, has successfully raised more than £100 million in its second convertible loan round. The funds, which exceeded Satsuma's expectations according to CEO Henry Elder, will be used to expand its role in the decentralized AI and Bitcoin ecosystem.
The offer for non-U.S. participants was managed by Fortified Securities, while Dawson James Securities handled U.S. commitments. A third, smaller round targeting strategic U.S. investors with a minimum investment of $100,000 is now underway and is expected to close by July 28.
The raise drew strong support from institutions aligned with Satsuma's vision of merging treasury functions and decentralized AI. Chairman Matt Lodge believes the raise will help Satsuma expand operations quickly, with a solid capital base and experienced hires.
The funds will be allocated primarily to expanding Bitcoin holdings and AI infrastructure development. Converting the funds into Bitcoin could elevate Satsuma to become the second largest UK-based corporate holder of BTC, significantly enhancing its treasury assets as a hedge against macroeconomic risks like inflation. A portion of the capital will fund AI R&D, talent acquisition, and hardware upgrades, helping Satsuma grow its AI capabilities that enable decentralized finance solutions.
The new capital is expected to strengthen institutional Bitcoin access across Europe, according to Chief Bitcoin Strategist Mark Moss. Satsuma plans to use its London platform to lead the next wave of decentralized infrastructure. The company aims to educate businesses looking to adopt Bitcoin as part of their financial strategies.
The third round is aimed at U.S.-based strategic investors who could not meet the previous $1 million minimum. The deal attracted major funds and investors, including several high-profile names that will become notifiable shareholders once the funds are converted. The board of Satsuma has approved a limited third round of funding.
Lodge emphasized that revenues and funds will be managed under a previously announced treasury structure. The funds raised will position Satsuma alongside other notable corporates embracing Bitcoin as a treasury asset and further establish its role in shaping the crypto and AI landscape institutional adoption in Europe.
The third convertible loan round will not contribute to the original £100 million total. The raise exceeded Satsuma's expectations, according to CEO Henry Elder, marking a big step in Satsuma's plans to lead London's crypto and AI crossover space.
Investing in Satsuma's third round could make you a shareholder of a company that is expanding its Bitcoin holdings and AI infrastructure. This technology-driven company, specializing in decentralized AI and Bitcoin infrastructure, is using the funds to develop AI solutions for decentralized finance. By investing, you'd be supporting a company that aims to become the second largest UK-based corporate holder of Bitcoin, using the digital currency as a treasury asset to hedge against inflation. Furthermore, the funds will also be used in AI R&D, talent acquisition, and hardware upgrades.
