UK AI company Satsuma completes $217.6 million financing, BTC reserves increase to 1,125.85 coins

According to Hash Chain News, UK AI company Satsuma Technology announced the successful completion of its second round of convertible loan note financing, totaling approximately $217.6 million, exceeding the minimum expectation by 63.66%. This financing attracted support from several institutions including ParaFi, Pantera, DCG, and Kraken, and accepted 1,097 bitcoins as part of the funding, bringing its bitcoin reserves to 1,125.85 coins. The raised funds will be used to expand decentralized AI and bitcoin financial strategies, covering enhanced operations and retaining part of the funds for cash flow management.