Satsuma Technology Raises $135 Million to Establish Bitcoin Treasury

BlockBeats News, July 24th, according to Cointelegraph, London-based artificial intelligence company Satsuma Technology has raised £100 million (approximately $135 million) to establish a Bitcoin treasury, setting a record for Bitcoin treasury fundraising in the UK.

The company stated that it has successfully raised more than the target amount, and all committed funds are expected to be in place within the next two weeks. If all funds are converted to Bitcoin, this acquisition will make Satsuma the second-largest corporate Bitcoin holder in the UK, second only to The Smarter Web Company, which holds 1600 BTC (worth around $190 million).