UK AI Firm Satsuma Technology Raises $135 Million to Establish Bitcoin Treasury

Odaily Planet Daily reported that London-based artificial intelligence company Satsuma Technology has raised £100 million (approximately $135 million) to establish a Bitcoin treasury, setting a new record for Bitcoin treasury fundraising in the UK.
The company stated that it has successfully raised more than its target amount and expects all committed funds to be in place within the next two weeks. If all funds are converted into Bitcoin, this acquisition will make Satsuma the second-largest corporate Bitcoin holder in the UK, second only to The Smarter Web Company, which holds 1,600 BTC (worth about $190 million). (Cointelegraph)