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