UK-based Satsuma Technology PLC has completed a £100 million ($136 million) funding round dedicated to expanding its Bitcoin holdings.
Led by CEO Henry Elder, the investment will drive the firm’s aggressive cryptocurrency acquisition strategy and influence market dynamics through heightened demand.
Elder also outlined plans for an upcoming US-focused funding initiative targeting strategic investors in the world’s largest economy.
This capital raise coincides with Bitcoin trading at approximately $118,518.50, reflecting a robust 26.34% price surge over the preceding 90-day period.
The move embodies growing institutional confidence in cryptocurrencies and responds to evolving regulatory landscapes unfolding in both the UK and US markets.
Industry analysts suggest Satsuma’s strategy may catalyze shifts in global digital asset allocations toward Bitcoin, signaling broader maturity in cryptocurrency adoption.