{"id":40784,"date":"2025-08-06T14:46:32","date_gmt":"2025-08-06T14:46:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40784"},"modified":"2025-08-06T14:46:32","modified_gmt":"2025-08-06T14:46:32","slug":"satsuma-raises-217m-aims-to-become-the-uks-largest-bitcoin-treasury-company","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40784","title":{"rendered":"Satsuma Raises $217M, Aims To Become The UK&#8217;s Largest Bitcoin Treasury Company"},"content":{"rendered":"<div>\n<p>London-based <strong>Satsuma Technology<\/strong>\u00a0(LSE: SATS) has secured \u00a3163.6 million ($217.6 million) in a heavily oversubscribed funding round, drawing strong institutional interest and marking the largest <a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/08\/46789395\/the-100-billion-bitcoin-bet-how-treasury-companies-are-fueling-the-crypto-run\">Bitcoin treasury-related<\/a> raise by a UK public company to date.<\/p>\n<p><strong>What Happened: <\/strong>The convertible note <a href=\"https:\/\/www.investments.halifax.co.uk\/research-centre\/news-centre\/article\/?id=35267343&amp;type=rns\">round<\/a>, which concluded on July 28, was led by <strong>ParaFi Capital<\/strong> and included participation from <strong>Pantera Capital<\/strong>,<strong> DCG<\/strong>,<strong> Kraken, Arrington Capital<\/strong>,<strong> Borderless Capital<\/strong>, and several London-based equity investment funds.<\/p>\n<p>The raise exceeded its \u00a3100 million minimum target by over 60%, with nearly half of the proceeds, 1,097.29 BTC, or approximately \u00a396.8 million, settled directly in <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>), using a fixed 24-hour pricing window. <\/p>\n<p>The digital asset settlement aligns with Satsuma&#8217;s strategy of building a Bitcoin-native treasury.<\/p>\n<p>The notes are expected to convert into ordinary shares priced at \u00a30.01 each, pending shareholder approval and the publication of a formal prospectus with the UK Financial Conduct Authority. <\/p>\n<p>A general &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/08\/46904223\/satsuma-raises-217m-aims-to-become-the-uks-largest-bitcoin-treasury-company\" alt=\"Satsuma\" raises aims to become the uk largest bitcoin treasury company>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>London-based Satsuma Technology\u00a0(LSE: SATS) has secured \u00a3163.6 million ($217.6 million) in a heavily oversubscribed funding round, drawing strong institutional interest and marking the largest Bitcoin treasury-related raise by a UK public company to date. What Happened: The convertible note round, which concluded on July 28, was led by ParaFi Capital and included participation from Pantera [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40784","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40784"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40784\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}