oversubscribed
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🚨🇬🇧Satsuma #Secures $218M in #Oversubscribed Funding, Half in $BTC
🔹London-based decentralized AI and Bitcoin treasury management firm Satsuma Technology PLC announced 📈raising £163.6M ($218M) in an oversubscribed convertible bond round, exceeding the original target by 63.66%.
🔹Over half of the funds were settled in cryptocurrency, equivalent to approximately 1,097 bitcoins, with investments from ParaFi, Pantera, Kraken, and Arrington Capital aimed at team expansion, infrastructure enhancement, and $BTC reserve growth.
🔹London-based decentralized AI and Bitcoin treasury management firm Satsuma Technology PLC announced 📈raising £163.6M ($218M) in an oversubscribed convertible bond round, exceeding the original target by 63.66%.
🔹Over half of the funds were settled in cryptocurrency, equivalent to approximately 1,097 bitcoins, with investments from ParaFi, Pantera, Kraken, and Arrington Capital aimed at team expansion, infrastructure enhancement, and $BTC reserve growth.
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