Satsuma Technology’s Historic $217.6M Raise Includes Major Bitcoin Investment
Main Idea
Satsuma Technology, a UK-listed AI infrastructure firm, raised £163.7 million ($217.6 million) in funding, including 1,097 Bitcoin (BTC), signaling growing institutional confidence in digital assets and AI infrastructure.
Key Points
1. Satsuma Technology secured £163.7 million ($217.6 million) in funding, surpassing its initial target by 64%.
2. The funding round included 1,097 Bitcoin (BTC), increasing the company's total Bitcoin holdings to 1,125.85 BTC.
3. Prominent venture capital and crypto-focused funds like ParaFi, Pantera, DCG, and Kraken participated in the round.
4. The acceptance of Bitcoin in a major funding round by a publicly listed UK company highlights institutional confidence in digital assets.
5. Satsuma Technology was formerly known as Tao Alpha and has shown a deliberate commitment to Bitcoin investment.
Description
BitcoinWorld Satsuma Technology’s Historic $217.6M Raise Includes Major Bitcoin Investment A truly groundbreaking development in the convergence of finance and cutting-edge technology has just unfolded. Satsuma Technology , a prominent UK-listed AI infrastructure firm, has successfully closed a remarkable funding round, securing an impressive £163.7 million ($217.6 million). This achievement not only significantly surpassed their initial target by a remarkable 64% but also boldly included a subs...
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