London-based artificial intelligence firm Satsuma Technology has raised £100 million (approximately $135 million USD) to build a substantial Bitcoin treasury.
The company rapidly deployed the entire capital sum into Bitcoin within just two weeks of securing the funds.
This significant investment positions Satsuma Technology as the second-largest corporate holder of Bitcoin in the United Kingdom.
The current holder of the largest corporate Bitcoin treasury in the UK is The Smarter Web Company, which possesses approximately 1,600 BTC valued at around $190 million at the time of this report.