PANews reported on August 6 that British AI company Satsuma Technology announced the successful completion of its second round of convertible loan note fundraising, raising approximately 163.6 million pounds (217.6 million US dollars), exceeding the minimum target by 63.66%.

The fundraising received support from institutions such as ParaFi, Pantera, DCG, and Kraken, and received 1,097 Bitcoin as part of the funding, bringing its Bitcoin reserves to 1,125.85. The funds raised will be used to expand its decentralized AI and Bitcoin financial strategies, including strengthening operations and retaining a portion of the funds for cash flow.