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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.
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- Qadir AK
Qadir AK
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Aug 06, 2025 13:27 UTC
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Satsuma Technology Raises $217.6M in Bitcoin-Backed Funding Round
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