Satsuma Secures $218M Funding Bonanza—Including $125M in Bitcoin Commitments

Another crypto unicorn charges ahead—this time with institutional money betting big on digital gold.

Satsuma just hauled in a staggering $218 million Series C, but here's the kicker: over half ($125M) came in BTC-denominated commitments. Because why bother with fiat when you're building the future?

The Bitcoin premium: Wall Street's latest flex

While traditional VCs still write checks in soon-to-be-debased dollars, forward-thinking investors are increasingly demanding crypto-native deal terms. Satsuma's oversubscribed round proves institutional FOMO is alive and well—especially when there's a chance to front-run the next ETF approval cycle.

Just don't ask about the vesting schedule in Satoshis.

As the funding frenzy continues, one thing's clear: the smart money isn't just investing in blockchain projects anymore—they're actively dodging monetary inflation through strategic BTC allocations. The bankers will deny it, but we all know their treasury departments are running the numbers.

investor confidence in bitcoin subscriptions

Satsuma’s CEO Henry Elder described the raise as a milestone for the company’s strategy, stating:

This moment represents a landmark validation of our Core belief: that fusing a Bitcoin-native treasury with decentralised AI is a paradigm shift in corporate value creation.

Notably, Satsuma accepted 1,097.29 BTC in lieu of cash for a significant portion of the round, marking the first-ever bitcoin-denominated subscription for a London-listed company.

Elder emphasized that investor willingness to subscribe in Bitcoin reflects confidence in Satsuma’s approach.

leading funds and allocation plans

Top industry investors participated, including ParaFi Capital, Pantera Capital, Arrington Capital, Blockchain.com, Kraken, DCG, and Kenetic Capital, alongside major London-based equity funds.

The convertible loan notes will convert to equity at $0.013 per share, pending regulatory approval.

Proceeds are earmarked for operational expenses and bitcoin accumulation via Satsuma’s Singapore-based subsidiary.

satsuma’s growing bitcoin reserve

Satsuma now holds 1,126 BTC, valued NEAR $129 million, with an average acquisition price of $115,149 per bitcoin.

According to BitcoinTreasuries.NET, Satsuma’s current position is at a slight unrealized loss of 0.76%.

For context, Satsuma’s June round previously raised $135 million to kickstart its bitcoin treasury.

Satsuma also develops infrastructure and AI agents for the decentralized Bittensor AI marketplace, running its own subnets and validator nodes.

surge in corporate bitcoin purchases

Recent weeks have seen public companies accelerate bitcoin acquisitions.

Firms such as MicroStrategy, Metaplanet, and The Smarter Web Company have all announced significant bitcoin buys, with Metaplanet’s recent purchase totaling 780 BTC.

In total, seven companies have committed to or acquired $2.7 billion in bitcoin, reinforcing the trend of growing corporate reserves.