Satsuma Technology PLC has revealed a Bitcoin treasury worth nearly £100 million, holding 1,149 BTC valued at £99.6 million as of August 8. The London-listed company, which combines artificial intelligence services with digital asset reserves, strengthened its balance sheet with a £168.9 million fundraising completed this summer via convertible loan notes.
CEO Henry K Elder described the period as “transformative,” emphasizing the convergence of applied AI and corporate Bitcoin strategies. Satsuma is developing AI-driven tools to help businesses manage balance sheets, with rising demand reported for its subnet platform, though no detailed revenue figures were disclosed.
The company also restated earlier interim results, adjusting development expenditure treatment to comply with accounting standards. With its dual focus on AI and Bitcoin reserves, Satsuma is positioning itself as both a technology innovator and a significant corporate player in the digital asset treasury space, reflecting broader institutional interest in Bitcoin.
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