In a significant milestone for Bitcoin’s institutional acceptance, Satsuma Technology has completed a $217.6 million funding round in the UK, with nearly $125 million paid directly in Bitcoin. This bold move signals a growing confidence among institutional investors in crypto assets and marks a notable shift in how public companies in the UK approach fundraising.
The round, conducted via a convertible loan note, surpassed its minimum target of $129 million by over 63%, illustrating strong investor enthusiasm. It’s the second such round for Satsuma, building on an earlier $135 million raise announced in June 2025, and underscores the company’s strategic focus on integrating Bitcoin into its core operations.
What makes this event particularly remarkable is the backing from both crypto-native and traditional institutional investors. Prominent crypto funds like ParaFi Capital, Pantera Capital, Arrington Capital, Blockchain.com, Kraken, Digital Currency Group, and Kenetic Capital participated, alongside several London-based equity funds managing over £300 billion.
Major crypto and traditional investors backing Satsuma’s groundbreaking Bitcoin fundraising round
These investors chose to subscribe to the round partly in Bitcoin, making Satsuma the first UK public company to secure such substantial institutional funding with Bitcoin as a payment method. This move demonstrates a clear vote of confidence in Bitcoin’s role as an accepted form of capital, not just an asset class.
The funds are set to propel Satsuma’s innovative Bitcoin treasury strategy, which aims to blend a Bitcoin-native treasury with decentralized artificial intelligence (AI). CEO Henry Elder described this approach as a “paradigm shift in corporate value creation,” reflecting a broader vision to revolutionize corporate finance and tech. This innovative strategy aligns with the growing acceptance of crypto assets in various sectors.
By accepting Bitcoin directly, Satsuma not only boosts its treasury but also signals a new era of crypto integration into mainstream corporate practices. This event marks a significant step forward for Bitcoin in the UK’s corporate sector, aligning with global trends where firms like MicroStrategy have amassed large Bitcoin holdings.
The use of Bitcoin in this fundraising highlights its growing acceptance in the market. The 1,097.29 BTC received as part of the raise directly adds substantial digital assets to Satsuma’s balance sheet, emphasizing Bitcoin’s emerging status as a serious treasury asset.
The oversubscription of the round shows robust investor appetite despite ongoing market volatility. Furthermore, the funds’ deployment will include Bitcoin holdings, reflecting the company’s strategy to leverage Bitcoin as a core part of its corporate valuation approach, which has garnered attention from both crypto and traditional finance sectors.
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