Publicly traded company Satsuma has completed a funding round exceeding £100 million, aiming to accelerate its Bitcoin accumulation strategy.

BlockBeats News, July 24, the UK listed company Satsuma Technology PLC (formerly known as Tao Alpha PLC) announced that it has successfully raised well over £100 million.

The company's Chief Bitcoin Strategy Officer, Mark Moss, stated: "We are very grateful for the strong market support demonstrated by this successful fundraising, which has exceeded our £100 million target. This proves the UK market's confidence in Satsuma's strategic direction and our leadership team's execution capabilities. With this expanded capital base, we look forward to providing a platform in London to drive the future development of decentralized infrastructure, accelerate our Bitcoin accumulation strategy, and advance our role in promoting institutional Bitcoin adoption in Europe."

BlockBeats previously reported that on July 14, the UK listed company Tao Alpha announced its first purchase of 28.56 BTC.