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Satsuma Technology guarantees £100 million for Bitcoin investment
Satsuma Technology PLC, a company listed in England, has successfully raised 100 million pounds (136 million USD) in a private funding round to make a strong push for its investment strategy in Bitcoin, with plans to raise additional capital from strategic investors in America.
This move reflects the trend of traditional companies using Bitcoin to diversify their treasury assets, despite legal risks. The increased buying of Bitcoin indicates a growing confidence in cryptocurrency as a corporate asset.
Although there has been no official statement from Chairman Matt Lodge or CEO Henry Elder on social media, Elder – who previously advised on Bitcoin strategy – is expected to bolster the company's new financial direction. This is seen as a strategic move in the context of a reshaping market.