The New MicroStrategy? UK Firm Settles Majority Of Convertible Notes In Bitcoin — Details
Description
A new contender has entered the conversation about institutional Bitcoin adoption , and it’s not from Silicon Valley. London-listed Satsuma Technology, formerly TAO Alpha, has completed a massive £163.6 million ($218 million) convertible note financing round, but with an unexpected twist: nearly 60% of it was settled in BTC. According to a recent announcement, a total of 1,097 BTC, valued at around £96.9 million at the time of the transaction, is now sitting on the company’s books. Satsuma Settl...
$TAO
$370.7
+7.67%
$BTC
$117490.9
+2.33%
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