Bitcoin treasury firm Satsuma adds over 1,000 BTC to its balance sheet following new convertible note round

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UK-based Satsuma Technology, formerly known as TAO Alpha PLC, has increased its Bitcoin holdings to 1,126, valued at around $128 million, following a new convertible note round.

According to a Wednesday announcement, the company, which develops AI agents and subnet infrastructure for blockchain ecosystems, secured approximately $218 million in a round led by ParaFi Capital.

It also drew support from major crypto firms including Pantera Capital, DCG, and Kraken.com, alongside several global funds and London-based institutional equity investors managing over £300 billion in assets.

A portion of the raise was settled in Bitcoin, with investors contributing around 1,097 BTC worth approximately £96.9 million. The Bitcoin is held by Satsuma’s Singapore-registered subsidiary.

According to Satsuma CEO Henry Elder, the oversubscribed fundraising round validated the firm’s core thesis that integrating a Bitcoin-native treasury with decentralized AI marks a fundamental shift in how corporate value is created. He added that the scale of the raise had set a new benchmark for London-based firms in the sector.

“The fact that many chose to subscribe in the first-ever Bitcoin subscription in London speaks to their trust in our ability to innovate and execute,” Elder stated. “We are now fully equipped, deeply motivated, and more convinced than ever that London is the preeminent market from which to execute on our vision and build a global leader that will define this new category.”

Satsuma plans to use the proceeds to expand its operations, including hiring developers. The remaining funds will be held in the company’s Bitcoin treasury.

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