Techub News reports that the UK-listed company Satsuma (formerly Tao Alpha) has announced the completion of a £100 million (US$136 million) private placement. The company's CEO Henry Elder stated, "This successful financing is not only significant for Satsuma but also for the entire London market. We are prepared and delighted to collaborate with world-class institutional partners in London and globally to build the leading Bitcoin and decentralized AI company in the UK."
Additionally, the company will launch a short-term third round of financing, which will be limited to individual investors deemed qualified strategic investors by the company in the United States, with an expected total financing amount not exceeding £10 million, to be completed around July 28, 2025.
