Bitcoin News Today: From £163M Raise to Fractional Recovery
$BTC
Satsuma started life as TAO Alpha, a small AI firm, before rebranding and pivoting to a Bitcoin treasury accumulation strategy. In August 2025, it hired Mark Moss, an American Bitcoin commentator with over 700,000 YouTube subscribers, as Chief Bitcoin Strategist.
The firm then raised £163.6M through convertible notes led by ParaFi Capital, with Pantera Capital, Digital Currency Group, and Kraken participating. Some investors contributed 1,097 BTC directly in place of roughly $97M in cash.
The stock peaked around £14 per share in June 2025. Bitcoin reached its $126,000 all-time high in October before sliding into the current crypto winter, dragging Satsuma’s share price with it.
By December 2025, the company was already liquidating assets to stay solvent, selling 579 BTC for £40M to repay noteholders who declined to convert their debt into equity.
#BTC
$BTC
Satsuma started life as TAO Alpha, a small AI firm, before rebranding and pivoting to a Bitcoin treasury accumulation strategy. In August 2025, it hired Mark Moss, an American Bitcoin commentator with over 700,000 YouTube subscribers, as Chief Bitcoin Strategist.
The firm then raised £163.6M through convertible notes led by ParaFi Capital, with Pantera Capital, Digital Currency Group, and Kraken participating. Some investors contributed 1,097 BTC directly in place of roughly $97M in cash.
The stock peaked around £14 per share in June 2025. Bitcoin reached its $126,000 all-time high in October before sliding into the current crypto winter, dragging Satsuma’s share price with it.
By December 2025, the company was already liquidating assets to stay solvent, selling 579 BTC for £40M to repay noteholders who declined to convert their debt into equity.
#BTC