Satsuma Technology has successfully raised $217.6 million in a funding round with over half contributed in Bitcoin, exceeding its minimum target by 63%. The capital will advance the company’s Bitcoin treasury strategy and expand operations in decentralized AI and blockchain infrastructure.
The funding initiative focuses on integrating Bitcoin into corporate finance to enhance liquidity and innovation. Investors include leading cryptocurrency funds ParaFi Capital and Pantera Capital, alongside established London-based equity funds.
Satsuma currently holds 1,126 Bitcoin acquired at an average cost of $115,149 per coin, representing a marginal 0.76% unrealized loss. Proceeds will expand Bitcoin holdings via the company’s Singapore subsidiary and bolster development of Bittensor (TAO) subnets and AI infrastructure capabilities.