UK-based Satsuma Technology finalized a $135 million convertible loan note offering, marking one of the largest crypto funding rounds in the region this year. The capital infusion aims to establish a corporate Bitcoin treasury while advancing decentralized AI infrastructure development.
The funding will specifically support Bitcoin acquisition efforts, positioning Satsuma among the UK’s largest corporate holders of the cryptocurrency. Concurrently, resources will develop a decentralized AI ecosystem featuring validator nodes and a Subnet Task Marketplace, converging blockchain infrastructure with artificial intelligence applications.
This dual strategy combines BTC treasury management with AI innovation, creating a unique technological synergy. The convertible loan note structure allows potential equity conversion, aligning investor incentives with Satsuma’s growth objectives. The initiative underscores the company’s emergence as a significant player in bridging cryptocurrency holdings with next-generation distributed computing.