London-based Satsuma Technology (LSE: SATS) has secured £163.6 million ($217.6 million) in a heavily oversubscribed funding round, drawing strong institutional interest and marking the largest Bitcoin treasury-related raise by a UK public company to date.
What Happened: The convertible note round, which concluded on July 28, was led by ParaFi Capital and included participation from Pantera Capital, DCG, Kraken, Arrington Capital, Borderless Capital, and several London-based equity investment funds.
