Satsuma Tech Secures Whopping $217.6M in Bitcoin-Backed Funding—Bullish Signal for Crypto Adoption

Bitcoin just flexed its muscle as collateral—again. Satsuma Technology locked down a $217.6M funding round backed entirely by BTC, proving institutional confidence isn’t just hot air.

Why this matters: Crypto-native financing goes mainstream

No banks. No traditional debt instruments. Just pure, uncut Bitcoin value unlocking nine-figure capital—take that, Wall Street loan officers.

The cynical take? Another ‘groundbreaking’ deal that’ll have VCs scrambling to rebrand their Web3 pitch decks by Friday. But the numbers don’t lie: when BTC talks, big money listens.

UK-based Satsuma Technology has secured $217.6 million in a convertible notes round. The fundraising was supported by investors including ParaFi, Kraken, and others. Uniquely, Satsuma chose to accept the investment in Bitcoin, receiving a total of 1,097.29 $BTC as payment. This move highlights growing confidence in cryptocurrency as a funding method, signaling a new direction for tech investment in the UK.