Satsuma Technology, previously known as TAO Alpha PLC, has made headlines in the UK tech and crypto sectors after securing $218 million in a landmark funding round. The blockchain and AI infrastructure firm, now emerging as a leader in decentralized finance, has significantly boosted its Bitcoin reserves to 1,126 BTC—valued at approximately $128 million at current prices.
London Sees First-Ever Bitcoin-Based Subscription Round
A standout feature of the funding round is its method of investment. Out of the total raised, 1,097 BTC—worth roughly £96.9 million—was directly settled in Bitcoin. This marks London’s first-ever BTC-based subscription for a fundraising round, a significant milestone for the city’s crypto ecosystem. The Bitcoin is being held by Satsuma’s Singapore-registered subsidiary, underscoring the company’s confidence in BTC as a foundational financial asset for the future.
Led by ParaFi Capital, the funding round also saw strong participation from industry giants including Pantera Capital, Digital Currency Group (DCG), Kraken.com, and several institutional investors collectively managing over £300 billion in assets. The round was significantly oversubscribed, reflecting growing institutional interest in crypto-integrated companies.
Funding to Accelerate AI and Blockchain Innovation
Satsuma plans to use the fresh capital to scale its team and accelerate the development of its core products, which sit at the intersection of blockchain infrastructure and decentralized artificial intelligence. The company is positioning itself as a “crypto-forward” leader in the UK tech landscape.
CEO Henry Elder described the successful raise as a strong “validation” of their vision to integrate a Bitcoin-native treasury model with decentralized AI technologies. He added that London is well on its way to becoming a global hub for innovation in both blockchain finance and AI.
With its new war chest of capital and a growing Bitcoin reserve, Satsuma Technology is charting a bold path forward in the global digital asset and AI space—making it a company to watch in the evolving Web3 economy.
