UK Company Follows MicroStrategy’s Lead: Settles Majority of Convertible Debt in Bitcoin – Full Breakdown
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad DisclosureA new contender has entered the conversation about institutional Bitcoin adoption, and its not from Silicon Valley. London-listed Satsuma Technology, formerly TAO Alpha, has completed a massive £163.6 million ($218 million) convertible note financing round, but with an unexpected twist: nearly 60% of it was settled in BTC. According to a recent announcement, a total of 1,097 BTC, valued at around £