Satsuma Technology raises $135.00M to build Bitcoin treasury

On July 24, Cointelegraph reported that Satsuma Technology, a London-based artificial intelligence company, has raised £100 million (approximately $135.00 million) to build a Bitcoin treasury, setting a UK record for Bitcoin treasury fundraising.

The company said it has successfully completed fundraising exceeding the target amount, and all committed funds are expected to be in place within the next two weeks. If all funds are converted to Bitcoin, the acquisition would make Satsuma the second-largest corporate Bitcoin holder in the UK, second only to The Smarter Web Company, which holds 1,600 $BTC (worth approximately $190.00 million). [BlockBeats]