Satsuma Technology has raised $217.6 million in its latest convertible loan note round, with $125 million of that amount settled in Bitcoin. The funding was secured with the help of several premier crypto and institutional investors and exceeds its initial target by 63%. This cash influx aims to augment Satsuma's Bitcoin treasury strategy. CEO Henry Elder emphasized the innovative blend of Bitcoin treasury management with decentralized AI as a significant shift in corporate value creation. Satsuma's unique approach included accepting 1,097.29 Bitcoin, marking a milestone as the first Bitcoin subscription in London. Investors include prominent crypto funds like ParaFi Capital, Pantera Capital, and others managing extensive equity. The funds raised will support operating costs and expand Bitcoin holdings through Satsuma's Singapore subsidiary. Currently, Satsuma holds 1,126 BTC, valued at approximately $128.66 million, with an average acquisition cost slightly above the market price, reflecting a minor unrealized loss. This fundraising follows Satsuma’s earlier plans to develop its Bitcoin treasury and signals a growing interest in Bitcoin among both public and institutional entities within the crypto space.

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