Satsuma Raises $218M With $125M in Bitcoin to Expand BTC Treasury

August 6, 2025

, By Cointelegraph

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London-listed tech firm Satsuma Technology has locked in 163,660,000 British pounds ($217.6 million) in gross proceeds from its second convertible loan note round, with nearly $125 million settled in Bitcoin, to boost its Bitcoin treasury strategy.

The raise, which closed on July 28, overshot its minimum $129 million target by more than 63%, driven by strong interest from crypto-native and traditional institutional investors, the company data-ct-non-breakable=”null” href=”https://www.investments.halifax.co.uk/research-centre/news-centre/article/?id=35267343&type=rns” title=”null”>said in a Wednesday announcement.

“This moment represents a landmark validation of our core belief: that fusing a…

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Satsuma Raises $218M With $125M in Bitcoin to Expand BTC Treasury

August 6, 2025

, Published By Cointelegraph

London-listed tech firm Satsuma Technology has locked in 163,660,000 British pounds ($217.6 million) in gross proceeds from its second convertible loan note round, with nearly $125 million settled in Bitcoin, to boost its Bitcoin treasury strategy.

The raise, which closed on July 28, overshot its minimum $129 million target by more than 63%, driven by strong interest from crypto-native and traditional institutional investors, the company data-ct-non-breakable=”null” href=”https://www.investments.halifax.co.uk/research-centre/news-centre/article/?id=35267343&type=rns” title=”null”>said in a Wednesday announcement.

“This moment represents a landmark validation of our core belief: that fusing a…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Qwant and Ecosia debut Staan, a European search index that aims to take on Big Tech

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OpenAI Releases Two Open-Source AI Models That Performs on Par With o3, o3-Mini

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