Satsuma Secures Monumental Bitcoin Funding Round: $217.6M Boosts Decentralized AI and Treasury
Main Idea
UK-based Satsuma Technology raised $217.6 million in an oversubscribed Bitcoin funding round, with plans to expand its Bitcoin treasury and advance decentralized AI solutions.
Key Points
1. Satsuma Technology secured £163.6 million ($217.6 million) in a Bitcoin funding round, exceeding its initial target by 63.7%.
2. Key investors included ParaFi Capital, Pantera Capital, Digital Currency Group (DCG), and Kraken Ventures.
3. The funds will be used to grow the company's Bitcoin treasury via its Singapore subsidiary and develop decentralized AI solutions.
4. The oversubscribed round highlights strong investor confidence in Bitcoin and decentralized AI.
5. The funding underscores the growing maturity and institutional interest in the crypto and blockchain space.
Description
BitcoinWorld Satsuma Secures Monumental Bitcoin Funding Round: $217.6M Boosts Decentralized AI and Treasury In a striking development for the cryptocurrency sector, UK-based Satsuma Technology has successfully completed an oversubscribed Bitcoin funding round , raising an impressive £163.6 million, equivalent to $217.6 million. This significant capital injection underscores growing investor confidence in firms bridging the gap between digital assets and cutting-edge technology like decentralized...
Latest News
- Bitcoin Profit-Taking: Massive $1 Billion Cashed Out by Long-Term Holders2025-08-06 12:57:10
- PancakeSwap Unleashes Apple, Amazon, Tesla On-Chain Perpetuals2025-08-06 12:54:03
- Unlocking Crypto Opportunity: Bitwise CIO Pins Growth on Ethereum, Super-Apps & DeFi2025-08-06 12:51:59
- Real-time Crypto Settlement: Lynq Onboards Revolutionary First Institutional Clients2025-08-06 12:48:54
- Bayes Market Secures Strategic Investment to Lead the Prediction Market Revolution2025-08-06 12:32:53