2D
...
Satsuma Technology, formerly known as TAO Alpha PLC, has boosted its Bitcoin reserves to 1,126 BTC—valued at approximately $128 million—after closing a major funding round. The UK-based blockchain and AI infrastructure firm raised $218 million in a round led by ParaFi Capital, with participation from Pantera Capital, Digital Currency Group (DCG), Kraken.com, and several major institutional investors managing over £300 billion in assets.
A groundbreaking portion of the funding—1,097 BTC worth around £96.9 million—was settled directly in Bitcoin, marking London’s first-ever BTC-based subscription for such a round. The Bitcoin is being held by Satsuma’s Singapore-registered subsidiary, signaling a strong belief in crypto as a core financial asset. CEO Henry Elder called the oversubscribed round a “validation” of their vision to integrate a Bitcoin-native treasury with decentralized AI.
Proceeds from the raise will fuel team expansion and product development, while reinforcing Satsuma’s position as a crypto-forward leader in the UK tech sector. Elder emphasized that London is poised to become a global hub for innovation in decentralized AI and blockchain finance.
