The UK AI company Satsuma Technology has completed its second funding round with a total value of £163.6 million, exceeding the planned target by 63.66%.
The raised funds will be used to develop decentralized AI financial strategies combined with Bitcoin, while strengthening operational activities and ensuring liquidity.
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Satsuma Technology successfully raised £163.6 million through its second funding round.
Prestigious investment funds such as ParaFi, Pantera, DCG, and Kraken have financially supported the company.
The company increased its Bitcoin reserves to 1,125.85 BTC for developing AI and DeFi strategies.
How much capital has Satsuma Technology raised in the second funding round?
Satsuma Technology announced the completion of its second funding round with a total of £163.6 million, equivalent to approximately $217.6 million, exceeding the minimum target by 63.66%.
Who are the main investors in this funding round?
The funding round included participation from many prestigious financial organizations such as ParaFi, Pantera, Digital Currency Group (DCG), and Kraken, reflecting a deep interest in Satsuma's technological potential.
The involvement of renowned investors signifies that the company has received high recognition for its experience in developing decentralized AI and its ability to integrate with cryptocurrency, creating credibility for the project in the global financial market.
"The capital raised exceeding the plan marks an important milestone, expanding the application of decentralized AI in Bitcoin-based financial strategies."
Spokesperson of Satsuma Technology, June 2024
What purposes does Satsuma Technology use the raised capital for?
The funds raised will focus on expanding decentralized AI financial strategies combined with Bitcoin, while also strengthening the company's operational machinery and retaining some capital to ensure cash flow.
This strategic move helps Satsuma enhance its competitiveness in the AI and cryptocurrency finance fields while supporting sustainable growth and optimizing business operations.
What is the current amount of Bitcoin held by Satsuma Technology?
After the funding round, Satsuma owns a total of 1,125.85 Bitcoin, of which 1,097 Bitcoin was received directly from investors, enhancing the company's financial potential.
Holding Bitcoin not only increases asset value but also aligns with a diverse financial development strategy based on cryptocurrency, while enhancing credibility in the global cryptocurrency investment community.
What risks should be considered when investing in decentralized AI and Bitcoin strategies?
Despite the great potential, the decentralized AI field associated with Bitcoin also carries risks related to cryptocurrency market volatility and the ability to implement complex technology.
Investors need to carefully consider and evaluate the company's capabilities and global financial trends to make appropriate decisions, minimizing the risk of capital loss due to unexpected changes.
Frequently Asked Questions
What company is Satsuma Technology?
Satsuma Technology is an AI company in the UK specializing in developing decentralized AI technology combined with Bitcoin financial strategies.
How much did the company raise in the second funding round?
The company raised £163.6 million, equivalent to $217.6 million, exceeding the plan by 63.66%.
Which investors participated in this funding round?
The funding round involved participation from ParaFi, Pantera, DCG, and Kraken.
How will the funds be used?
Used to expand decentralized AI strategies and Bitcoin-based finance, strengthen operations, and maintain cash flow.
How much Bitcoin does Satsuma Technology currently have?
The current amount of Bitcoin is 1,125.85 BTC, of which 1,097 BTC was received from the funding round.
Source: https://tintucbitcoin.com/satsuma-huy-dong-2176-trieu-usd-tang-bitcoin/
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