Satsuma just rewrote UK corporate fundraising by raising £163.66 million with $125 million settled directly in Bitcoin—because apparently cash is so last century. The company now holds 1,126 BTC worth around $128 million, ranking among the top 25 public companies globally with Bitcoin treasuries. Investors actually preferred Bitcoin subscriptions over traditional cash for most of the raise. This isn’t just fundraising; it’s a complete middle finger to conventional corporate finance that signals bigger changes ahead.
Satsuma Technology just pulled off something no other UK-listed company has done at this scale—raising £163.66 million ($217.6 million) with roughly $125 million of it settled directly in Bitcoin. That’s 1,097.29 BTC, for those keeping track.
The convertible loan note round crushed expectations. They needed $129 million minimum. They got 63% more than that. Top crypto funds and over £300 billion worth of London equity funds backed the deal, which says something about institutional appetite for Bitcoin exposure. With SEC crypto guidance becoming clearer, institutional confidence in such investments continues to grow.
Here’s the kicker: Satsuma now holds approximately 1,126 BTC total, worth around $128 million. Average purchase price? Near $115,149 per Bitcoin. That puts them in the top 25 public companies worldwide with Bitcoin treasuries. Not bad for a company that used to be called TAO Alpha PLC.
From zero to top 25 globally—Satsuma’s 1,126 BTC treasury puts them among Bitcoin’s biggest corporate holders at $128 million.
The rebrand makes sense when you consider “satsuma” references “satoshi,” Bitcoin’s smallest unit. CEO Henry Elder, who took the helm full-time in July 2025, previously managed $1.5 billion in digital assets. Guy knows what he’s doing.
At reporting time, they had a slight unrealized loss of 0.76% on their Bitcoin investments. Hardly earth-shattering in crypto terms.
The funds aren’t just sitting there looking pretty. Satsuma’s expanding their decentralized AI and blockchain infrastructure, hiring developers for their AI marketplace called Bittensor. They’re betting on the fusion of Bitcoin treasury strategy with decentralized AI. Major crypto firms including ParaFi Capital, Kraken, and Pantera Capital backed the funding round.
Elder framed this as validation that institutions want Bitcoin-integrated corporate strategies. The numbers back him up—investors actually preferred subscribing via Bitcoin instead of cash for much of the raise.
This could redefine how UK companies think about fundraising. Traditional corporate finance just got a crypto makeover, and it happened in London’s backyard. The funding round closed July 28 after exceeding all targets, marking a pivotal moment for UK crypto adoption.
Satsuma’s Bitcoin treasury sits in a wholly owned subsidiary, and they’re planning to keep buying more. The company’s banking on Bitcoin treasuries plus AI development as their core growth engine.
For a UK market that’s been cautious about crypto, this is a statement. One that’s worth over 1,000 Bitcoin.
