key takeaways
- Satsuma raised $ 218 million in the convertbell loan, in which a significant part in bitcoin was inhabited.
- The company plans to expand digital asset holdings and AI abilities using funds, emphasizing transparency with regular financial updates.
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The UK -based satsuma technology, known as the Tao Alpha PLC, has increased its bitcoin holdings to 1,126, which is worth about $ 128 million, which is not a new round.
For Wednesday’s announcement, the company, which develops AI agents and subnet infrastructure for blockchain ecosystem, acquired about $ 218 million in a round led by Parafi Capital.
It also supported major crypto firms including several global funds and London-Band Institute equity investors including Pantera Capital, DCG, and Crackon.com, which manage more than £ 300 billion in property.
A portion of the rise was settled in the bitcoin, with investors contributing around 1,097 BTC, priced around £ 96.9 million. Bitcoin is organized by the Satsuma’s Singapore-Tangged Auditor Company.
For Satsuma’s CEO Henry Elder, the oversbssed funding round valued the core theft of the firm that integrates a bitcoin-country treasure, with decentralized AI Marx a fundamental shift price. He said that the Rise scale set a new benchmark for the London -based firms in the sector.
“The fact is that many people have chosen to join the Bitcoin subscript for the first time in London, who speaks to their truth to innovate and experience our truth,” said Elder. “Now we are fully equipped, deeply inspired, and more confident than ever that London is a pre -minant market to execute our vision and build a global life that will define this new category.
Satsuma plans to use procedures to expand its operation, including hiring the devil. The remaining amount will be held in the company’s bitcoin Treasury.
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