The post Satsuma Technology Raises $217.6M in Bitcoin-Backed Funding Round appeared first on Coinpedia Fintech News
UK-based Satsuma Technology has secured $217.6 million in a convertible notes round. The fundraising was supported by investors including ParaFi, Kraken, and others. Uniquely, Satsuma chose to accept the investment in Bitcoin, receiving a total of 1,097.29 $BTC as payment. This move highlights growing confidence in cryptocurrency as a funding method, signaling a new direction for tech investment in the UK.