Satsuma raises $218M in convertible note round

#Satsuma secures $218M in convertible note round from Pantera Capital, DCG, Kraken, Arrington Capital, Opportunity Fund, Borderless Capital and others. Satsuma will use the funds to scale operations, maintain a minimum three-month cash reserve for working capital, and allocate the remaining amount to its Bitcoin treasury managed by its Singapore-based subsidiary.

Satsuma Technology is a blockchain indexing platform offering reliable, low-lag subgraph indexing, a high-performance GraphQL API, advanced monitoring metrics, and flexible subgraph versioning with drop-in support for hosted subgraphs.

👉 theblock.co/post/365765/bitcoin-treasury-firm-satsuma-technology-raises-217-6-million-usd-parafi-pantera-kraken