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# UK-Based AI Innovator Satsuma Technology Raises Record $135 Million in Bitcoin Fundraising
London-based artificial intelligence (AI) firm Satsuma Technology has made headlines by securing an impressive $135 million (approximately KRW 185.3 billion) in its latest Bitcoin (BTC)-backed fundraising round, setting a new benchmark for cryptocurrency-based capital raises in the United Kingdom.
As reported by Cointelegraph on October 24, Satsuma Technology revealed that the funding round "significantly surpassed expectations," with the pledged capital anticipated to be fully deposited within two weeks. This achievement not only solidifies Satsuma’s position in the crypto-ecosystem but underscores rising confidence in Bitcoin-backed financing among institutional investors.
Once the raised funds are converted into Bitcoin, Satsuma will secure its position as one of the largest corporate holders of Bitcoin in the UK. Currently, the top-ranking title is held by SmartWebCompany, which boasts a staggering 1,600 BTC (valued at approximately $190 million or KRW 260.9 billion). Phoenix Digital Asset, ranking second, holds 247 BTC (worth about $29 million or KRW 39.8 billion).
Significantly, Satsuma’s single Bitcoin purchase is poised to surpass prior transaction records by UK firms. Unlike SmartWebCompany, which built its Bitcoin holdings through multiple staggered acquisitions, Satsuma plans to allocate over 50% of its capital in a single high-volume transaction—rendering it one of the largest institutional Bitcoin buys in UK history.
# Transformative Fundraising Enabled by Convertible Bond Offering
Satsuma Technology raised the landmark funds through a convertible bond issuance, tapping into both domestic and international investment networks. Fortified Securities handled transactions for non-U.S. investors, while Dawson James Securities managed dealings in the United States. Within U.S. jurisdictions, the offering was exclusively available to accredited investors through private placements, adhering to strict regulatory compliance measures.
Matt Lodge, Chairman of Satsuma Technology, commented on the notable achievement: "This fundraising will accelerate our business expansion while solidifying our leadership within London’s thriving Bitcoin economy."
Henry Elder, the CEO of Satsuma Technology, echoed these sentiments: "This marks a transformative milestone—not just for Satsuma but also for London’s broader financial ecosystem. Institutional investors have demonstrated their confidence in our vision to synergize corporate finance with decentralized AI frameworks."
# Decentralized AI and Blockchain: The Future of Financial Innovation
At the core of Satsuma Technology’s operations lies its pioneering Vitencor Ecosystem, a decentralized AI marketplace built on its proprietary subnet. This platform integrates validator nodes, task marketplaces, and blockchain-driven efficiencies. Central to its operation is the TAO token, which powers the ecosystem and supports the development of advanced AI agents and infrastructure.
To enhance liquidity, Satsuma has tied its Alpha Token to the TAO token in liquidity pools. Alpha Token value is expected to rise as the adoption of the subnet increases, reflecting the ecosystem’s projected growth and utilization.
This fundraising milestone aligns with the broader trend of British companies rapidly adopting digital assets in tandem with pioneering AI applications. The UK's corporate landscape increasingly views digital asset integration and decentralized AI technologies as vital tools for reimagining finance and driving innovation. Businesses like Satsuma highlight how blockchain and AI collaborations are serving as pivotal cornerstones for the next era in corporate strategy.
With a record-breaking $135 million raised, Satsuma Technology is not only redefining Bitcoin-backed fundraising but also spearheading the fusion of decentralized AI solutions with digital assets. As institutional interest in blockchain technologies and AI accelerates, Satsuma emerges as a trailblazer in shaping the future of corporate finance in the UK.
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