TechFlow, July 24 — According to Cointelegraph, London-based artificial intelligence company Satsuma Technology has raised £100 million (approximately $135 million) to build a Bitcoin treasury, setting a new record for Bitcoin treasury fundraising in the UK.
The company stated it has successfully completed fundraising exceeding its target amount, with all committed funds expected to be received within the next two weeks. If all funds are converted into Bitcoin, this acquisition would make Satsuma the second-largest corporate Bitcoin holder in the UK, behind only The Smarter Web Company, which holds 1,600 BTC (worth approximately $190 million).
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