London-listed tech firm Satsuma Technology 163,660,000 British pounds ($ 217.6 million) stopped in gross processes from its second convertible loan nototi round, settling about $ 125 million in bitcoin, to promote bitcoin treasury strategy.
Closed on 28 July, which oversees a minimum of $ 129 million of more than 63%from Crypto-country and traditional institutional institutional investors, a minimum of $ 129 million, the company said in Wednesday’s announcement.
“This moment represents a historical verification of our basic belief: that fusing a bitcoin-root treasure with decentralized AI is a paradigm change in corporate value manufacturing,”
The company revealed that 1,097.29 bitcoin (BTC) was accepted instead of $ 125 million cash. “The fact that many people have chosen to subscribe to the Bitcoin subscript for the first time in London, which speaks to our use and to experience our use,” said Elder.
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Top Crypto Fund Back Satsuma Growth
Investors supporting the rounds included top crypto funds such as Parafi Capital, Pantera Capital, Orrington Capital, Blockchain.com, Crackon, DCG and Kenetic Capital, many London managed 300 billion British pounds in joint assets to many London.
$ 0.013 per share in loan notes equity, pending shareholder approval and regulatory will clearly convert. Funds will be divided between Singapore -related subsidiary Satsuma PTE, including operating expenses including developer hiring and bitcoin holdings.
The money ravages manufacture the earrier annual of Satsuma in June, when he raised $ 135 million to start manufacturing his bitcoin treasury.
Satsuma technology runs, funds and launchs its own bitenser (TAO) subnets, pricing verification nodes and a subnet task marketplace. Bittensor is a decentralized AI marketplace, and satsuma technology manufactures infrastructure and AI agents for this ecosystem.
Satsuma has a value of 1,126 BTC around $ 128.66 million, which has acquired the property since 14 July. According to bitcointreasuries.net data, a minor unrealistic loss of 0.76%.
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Firms target $ 7.8 billion in Crypto
Last week, Crypto Treasury firms announced more than $ 7.8 billion in the planned crypto procurement, emerging as a major property of atherium choice. In at least five public companies, Ether promised to buy or buy Eths worth more than $ 3 billion.
Bitcoin also made a popular option for crypto treasury firms such as strategy, with seven companies proposed or purchasing a total of $ 2.7 ballian in bitcoin.
The strategy, in the east, bought 21,021 bitcoins after raising $ 2.5 billion from their fourth favorite, STRC. The UK’s smart web company spent $ 26.5 million on 225 bitcoins and Metaplanet bought 780 bitcoins in $ 92 million.
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