A new competitor went into the conversation About adoption of institution BitcoinAnd it is not silicon valley. The SATSUMA technology, which was previously listed on London, TAO ALPHA, completed a £ 163 million convertible memo finance round, but recorded an unexpected twist. Almost 60%have been settled in BTC.
According to In the latest announcement A total of 1,097 BTC, which is about 96.9 million pounds, is located in the company’s book.
Satsuma settles the convertible mentioned in Bitcoin.
The event, which was closed on July 28, records a large-scale bitcoin-expression capital increase, which is first known by a publicly listed company in London. With this movement, Satsuma’s total Bitcoin Holdings is currently 1,126 BTC, which is now worth more than $ 122 million in fare, and BTC is owned by SATSUMA PTE, a subsidiary of Singapore.
According to the data Bitcointreasuries.net, Satsuma is the second largest company owner of Bitcoin in the UK. Behind the smarter web company. BTC Holdings was purchased at $ 115,149 based on average cost.
Henry K. Elder, CEO of Satsuma Technology, pointed out that it will be used to grow AI infrastructure with distributed profits and strengthen digital assets. It also focused on transparency and the regular statement of BTC holding will be part of the future operating structure.
Entering the shadow of Microstrategy
that Size and structure Satsuma’s BTC acquisition can be compared with BTC acquisition of fine straight. Under the leadership of co -founder Michael Saylor, US information and software companies have switched to the famous Bitcoin ETF. Microstrategy began to acquire Bitcoin in 2020 with the acquisition of $ 250 million in 2020 in 2020. Since then, micro -straight leads have been accumulated more than 628,791 BTC, with a total cost of $ 33.9 billion.
SATSUMA may still be in the early stages of Bitcoin’s trip, but the essence of financing to take BTC directly rather than post -conversion after the feat is not even Microstrategy.
Microstrategy generally raises funds through bonds or stocks and later places capital in BTC. Satsuma, on the other hand, is receiving bitcoin at the financing stage. The most recent fundraising rounds led by Parafi Capital attracted major encryption companies such as Pantera Capital, Digital Currency Group (DCG) and Krakeen.com. In addition, the British stock market participants managed major assets that manage £ 300 billion assets.
Satsuma’s movement occurs when the regulatory attitude of the UK begins to show signs of softening of digital assets. If you succeed, you can open the door of another listed company. Beyond Europe Bitcoin begins to integrate the balance table. At the time of writing, the UK’s public listed company holds 3,658 BTC and 88 BTC is held by private companies.
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