UK Firm Sets National Bitcoin Treasury Record with $135 Million Fundraise
Satsuma Technology, a London-based artificial intelligence firm, has raised £100 million ($135 million) for its new Bitcoin treasury, marking the largest single Bitcoin treasury raise in the UK. This funding positions Satsuma as one of the top regional Bitcoin holders, potentially becoming the second-largest corporate Bitcoin holder in the UK if the full amount is converted into Bitcoin. The raise was conducted through a secured convertible loan note offering, with Fortified Securities and Dawson James Securities acting as brokers for non-US and US investors, respectively.
The Significance of Satsuma Technology’s Bitcoin Treasury Fundraise
Satsuma Technology’s initiative reflects a growing trend of UK firms integrating digital assets with emerging technologies like AI. The company is also involved in the Bittensor (TAO) ecosystem, contributing to decentralized AI marketplaces. This development underscores the increasing institutional interest in crypto treasuries and the fusion of Bitcoin with artificial intelligence.
Legal and Economic Implications of the UK’s Bitcoin Sale
The UK Treasury is preparing to sell approximately $7 billion worth of seized Bitcoin to help address the country’s budget deficit. This initiative involves collaboration between the Home Office, Treasury head Rachel Reeves, and law enforcement agencies to manage the sale and storage of the cryptocurrency.
Challenges Facing the UK’s Bitcoin Sale
The proposed sale faces legal hurdles as victims of the Ponzi scheme demand the return of their Bitcoin. Susie Violet Ward, CEO of Bitcoin Policy UK, criticized the report as sensationalist, highlighting ongoing legal disputes over ownership.
Bitcoin’s Market Performance and Future Outlook
Bitcoin has achieved a new all-time high, drawing significant attention from market analysts. The BTC/USD trading pair surpassed previous records amid sustained buying pressure that began in April 2025. Market experts now suggest the cryptocurrency could climb toward $140,000 before encountering substantial resistance.
Institutional Interest in Bitcoin
Institutional participation has played a key role in Bitcoin’s recent performance. BlackRock’s IBIT now manages $83 billion in assets, reaching this milestone faster than any ETF in history.
Conclusion
From the emotional uptick in CryptoBatz NFTs post-Ozzy Osbourne’s death to Bitcoin’s new peaks and the uptick in wrench attacks, the cryptocurrency and NFT landscapes are rapidly evolving, showcasing the dynamic nature of digital assets.
