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UK AI firm Satsuma Technology raises $135 million to build Bitcoin treasury
Odaily News London-based artificial intelligence company Satsuma Technology has raised £100 million (about $135 million) to build a Bitcoin treasury, setting a record for fundraising for a Bitcoin treasury in the UK.
The company said it had successfully completed fundraising in excess of its target amount and expected all pledged funds to be in place within the next two weeks. If all funds are converted into Bitcoin, the acquisition would make Satsuma the second largest corporate Bitcoin holder in the UK, second only to The Smarter Web Company, which holds 1,600 BTC (worth approximately $190 million). (Cointelegraph)
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