RNS Number : 3436X
Satsuma Technology PLC
01 September 2025
01 September 2025
Satsuma Technology Plc
('Satsuma' or the 'Company')
Unaudited Interim Results
for the Period 1 June 2025 to 8 August 2025
Satsuma Technology PLC (LSE: SATS), a public company pioneering the convergence of decentralised AI and Bitcoin treasury management, today announces unaudited interim financial statements for the period from 1 June 2025 to 8 August 2025. Restated interim financial statements for the three months ended 31 May 2025 are also included, which supersede the financial statements released on 10 July 2025*.
In light of the significant proceeds received from its recent fundraising and given the Company's leadership in emerging asset classes, the Board has determined that it is appropriate to provide more frequent financial disclosure than the statutory minimum. The release of these interim statements outside the ordinary reporting cadence is therefore intended to give investors clear visibility on the Company's financial position, balance sheet strength and treasury holdings.
Highlights:
£168.9 million raised via Convertible Loan Notes during the period, providing significant capital to support the growth strategy and demonstrating institutional investor support
Treasury holdings include 1,148.647 BTC, valued at approximately £99.6 million as at 8 August 2025, plus cash and cash equivalents of approximately £54.0 million
Higher utilisation of the subnet and increasing revenues
Significant progress made in establishing the highest standards of infrastructure and governance, with a renewed commitment to investor transparency
Henry K. Elder, CEO, commented:
"The last two months have been transformative for Satsuma, culminating in our milestone £164m capital raise. This positions us at the powerful convergence of applied AI and corporate Bitcoin treasuries. Our real-time AI agents are already delivering critical intelligence for institutional treasury management, a capability directly strengthened by our own growing Bitcoin treasury.
Our focus now is clear: to scale our infrastructure and execute the next phase of our capital plan, cementing our position as the undisputed institutional leader in London and beyond."
*Along with the 8 August 2025 figures, these results include a restatement of the Company's interim financial statements for the three months ended 31 May 2025, originally published on 10 July 2025. In the unaudited interim results released on 10 July 2025 for the three months ended 31 May 2025, the IP was originally presented as a revaluation adjustment. These interim figures have now been amended to reflect a reversal of impairment, consistent with the recognition of cumulative development expenditure and the subsequent reassessment of recoverable amount at £2.157 million. The amended interim disclosures therefore align with the Company's accounting policy and IFRS requirements and should be read as superseding the original publication.
Enquiries:
Satsuma Technology PLC Matt Lodge, Chairman
Tel: +44 (0)20 3855 8888
Yellow Jersey PR Charles Goodwin / Annabelle Wills
Tel: +44 (0)7747 788 221 / +44 (0)7775 194 357
First Sentinel Corporate Finance Limited - Financial Adviser Brian Stockbridge
Tel: +44 (0) 20 3855 5551
Fortified Securities - Broker Guy Wheatley
Tel: +44 (0) 7493 989014
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD FROM 1 JUNE 2025 TO 8 AUGUST 2025
Unaudited
Unaudited
Audited
Period 1 June 2025 to 8 August 2025
3 months ending 31 May 2025
Year ending 28 Feb 2025
Notes
£'000
£'000
£'000
Continuing Operations
Revenue
9
1
1
Cost of Sales
-
-
-
Gross Profit
9
-
1
Administrative expenses
(8,767)
(116)
(709)
Reversal of impairment
-
2,157
-
Operating loss
(8,758)
(2,042)
(708)
Finance Income
-
-
-
Finance Costs
-
-
-
Foreign Currency Gain/(loss)
(382)
-
-
Fair Value Gains
-
375
-
Revaluation loss on cryptocurrencies
(1,237)
-
-
Loss before taxation
(10,377)
2,417
(708)
Taxation on loss of ordinary activities
-
-
-
Loss for the period from continuing operations
(10,377)
2,417
(708)
Other comprehensive income
6
(21)
-
-
Total comprehensive loss for the period attributable to shareholders from continuing operations
(10,398)
2,417
(708)
Basic & dilutive earnings per share - pence
4
(2.23)
0.53
(0.18)
The notes form an integral part of the condensed interim financial statements.
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 8 AUGUST 2025
Unaudited
Unaudited
Audited
As At 8 August 2025
As at 31 May 2025
As At 28 Feb 2025
Notes
£'000
£'000
£'000
NON-CURRENT ASSETS
Intangible assets
5
101,760
2,190
2,202
Investments
6
625
625
250
TOTAL NON-CURRENT ASSETS
102,385
2,815
2,452
CURRENT ASSETS
Cash and cash equivalents
54,043
6
31
Trade and other receivables
7
7,574
19
25
TOTAL CURRENT ASSETS
61,617
25
56
TOTAL ASSETS
164,002
2,840
2,507
EQUITY
Share capital
8
528
454
454
Share Premium
8
6,020
4,904
4,880
Share Based Payment Reserve
9
426
743
743
Revaluation Reserve
9
12
33
45
Other reserves
47
-
-
Retained Earnings
(13,878)
(3,818)
(4,078)
TOTAL EQUITY
(6,845)
2,316
(2,043)
CURRENT LIABILITIES
Trade and other payables
10
1,898
524
464
Financial Liabilities FVTPL
11
168,949
-
-
TOTAL CURRENT LIABILITIES
170,847
524
464
TOTAL LIABILITIES
170,847
524
464
TOTAL EQUITY AND LIABILITIES
164,002
2,840
2,507
The notes form an integral part of the condensed interim financial statements.
The condensed interim financial statements were approved and authorised by the Board of Directors on 28 August 2025 and were signed on its behalf by:
Henry K. Elder
Director
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD FROM 1 JUNE 2025 TO 8 AUGUST 2025
Share Capital
Share Premium
Share based payment reserve
Revaluation Reserve
Other reserves
Retained Earnings
Total Equity
£'000
£'000
£'000
£'000
£'000
£'000
Balance at 1 March 2024
379
4,880
705
-
-
(5,527)
437
Profit (Loss) for period
-
-
-
-
(708)
(708)
Other comprehensive income
-
-
-
-
-
-
Total comprehensive income for year
-
-
-
-
(708)
(708)
Transactions with owners in own capacity:
Ordinary shares issued
75
-
-
-
-
75
Share based payments
-
-
38
-
-
38
Changes in reserves
-
-
-
45
-
-
45
Total transactions with owners in own capacity
75
-
38
45
-
-
158
Balance at 28 February 2025
454
4,880
743
45
-
(6,235)
(113)
Profit (Loss) for period
-
-
-
-
2,417
2,417
Other comprehensive income
-
24
-
-
-
24
Total comprehensive income for year
-
24
-
-
2,417
2,441
Transactions with owners in own capacity:
Ordinary shares issued
-
-
-
-
-
-
Share based payments
-
-
-
-
-
-
Changes in reserves
-
-
-
(12)
-
-
(12)
Total transactions with owners in own capacity
-
-
-
(12)
-
-
(12)
Balance at 31 May 2025
454
4,904
743
33
-
(3,818)
2,316
Profit (Loss) for period
-
-
-
-
-
(10,377)
(10,377)
Other comprehensive income
-
-
-
(21)
-
-
(21)
Total comprehensive income for period
-
-
-
(21)
-
(10,377)
(10,398)
Transactions with owners in own capacity:
Ordinary shares issued
74
1,116
-
-
-
-
1,190
Exercise of warrants
(317)
-
317
-
Changes in reserves
-
-
-
-
47
-
47
Total transactions with owners in own capacity
74
1,116
(317)
-
47
317
1,237
Balance at 8 August 2025
528
6,020
426
12
47
(13,878)
(6,845)
CONDENSED CONSOLIDATED STATEMENT OF CASHFLOWS
FOR THE PERIOD FROM 1 JUNE 2025 TO 8 AUGUST 2025
Unaudited
Unaudited
Audited
Period 1 June 2025 to 8 August 2025
3 months ending 31 May 2025
12 month period ended 28 Feb 2025
£'000
£'000
£'000
Cash flow from operating activities
(Loss)/gain for period
(10,398)
2,417
(707)
Adjustments for:
Impairment/(reversal)
-
(2,157)
45
Fair value gain on investment (FVTPL)
-
(375)
-
Revaluation of Cryptocurrencies
1,258
-
-
Services settled by issue of warrants
266
-
39
Fees settled through CLN issue
6,174
-
-
Changes in working capital:
Decrease / (Increase) in trade and other receivables
(65)
6
30
Increase / (decrease) in trade and other payables
1,374
60
279
Net cash used in operating activities
(1,391)
(49)
(314)
Cash flows from investing activities
Purchase of intangible assets
(4,500)
-
(45)
Investments
-
-
(250)
Net cash flow from investing activities
(4,500)
-
(295)
Cash flows from financing activities
Share issue, net of issue costs
948
25
75
Cash proceeds from Issue of Convertible Loan Notes
58,885
-
-
Net cash flow from financing activities
59,833
25
-
Net (decrease) in cash and cash equivalents
53,942
(24)
(534)
Cash and cash equivalents at beginning of the period
7
31
565
Foreign exchange impact on cash
94
-
-
Cash and cash equivalents at end of the period
54,043
7
31
NOTES TO THE CONDENSED FINANCIAL STATEMENTS
FOR THE 3 MONTH PERIOD ENDING 31 MAY 2025
1 General information
Satsuma Technology Plc (formerly TAO Alpha Plc) is a public limited company incorporated in England and Wales and domiciled in the United Kingdom. The registered office and principal place of business is 9th Floor, 16 Great Queen Street, London WC2B 5DG. The Company was incorporated on 19 March 2021.
On 02 July 2025, the Company announced its intention to change its name to Satsuma Technology PLC (Ticker SATS). The Company's TIDM has changed from "TAO" to "SATS". The Company's website has been changed to www.satsuma.digital.
The Company's principal activity is that of a global AI-focused software development company which utilises TAO Bittensor Subnet technology to maximise the reach and scope of the developments. It is led by a team experienced in this sector and in the development of technology businesses. Furthermore, the recently announced Convertible Loan Facility provides the working capital required to execute this strategy and, at the same time, allows the company to implement a Bitcoin Treasury Management strategy. The Company is based in UK and its shares are listed on the Main Market of the London Stock Exchange (LSE: SATS).
2 Accounting policies
IAS 8 requires that management shall use its judgement in developing and applying accounting policies that result in information which is relevant to the economic decision-making needs of users, that are reliable, free from bias, prudent, complete and represent faithfully the financial position, financial performance and cash flows of the entity.
Details of the Group's Accounting Policies can be found in the audited annual financial statements ("annual financial statements") for the year ended 28th February 2025.
2.1 Basis of preparation
The condensed consolidated interim financial statements ("interim financial statements") have been prepared in accordance with International Accounting Standard 34 "Interim Financial Reporting" (IAS 34) as adopted by the European Union (EU). The interim financial statements have been prepared on the historical cost basis, except for assets and liabilities measured at fair value through profit and loss, and are presented in pounds sterling (£). All amounts have been rounded to the nearest £'000, unless otherwise stated.
During the period a new subsidiary entity, Satsuma Technology Pte Ltd was incorporated in Singapore for the purposes of supporting the Group's treasury operations in a tax and regulatorily favourable jurisdiction. Satsuma Technology Pte Ltd is a wholly owned subsidiary of Satsuma Technology Plc, and its results have been consolidated in accordance with applicable accounting standards. The figures for the period represent the consolidated results for the period since the incorporation of the subsidiary to and at the Balance Sheet date.
The interim financial statements have not been audited. The interim financial statements do not constitute statutory accounts within the meaning of section 434 of the Companies Act 2006. The figures have been prepared using applicable accounting policies and practices consistent with those adopted in the audited annual financial statements ("annual financial statements") for the year ended 28th February 2025.
The interim financial statements are for the period from 1 June 2025 to 8 August 2025, being three months from the financial year end for the Company being 28 February 2025. The interim financial statements do not include all the information and disclosures required in the annual financial statements and should be read in conjunction with the Company's annual financial statements for the period ended 28 February 2025. The Company has disclosed comparative data for the period from 1st March 25 to 31 May 2025, as well as audited figures from the annual financial statements.
The functional currency for the Company is determined as the currency of the primary economic environment in which it operates. Both the function and presentational currency of the Company Pounds Sterling (£).
The business is not considered to be seasonal in nature.
New standards, amendments and interpretations adopted by the Company
During the current period the Company adopted all the new and revised standards, amendments and interpretations that are relevant to its operations and are effective for accounting periods beginning on 1 March 2025. This adoption did not have a material effect on the accounting policies of the Company.
New standards, amendments and interpretations not yet adopted by the Company
The standards and interpretations that are relevant to the Company, issued, but not yet effective, up to the date of these interim financial statements have been evaluated by the directors and they do not consider that there will be a material impact of transition on the financial statements.
2.2 Risks and uncertainties
The principal risks and uncertainties relevant to the Company have not changed materially since the release of the annual financial statements for the period ending 28 February 2025. These risks can be referenced in the strategic report contained within the annual financial statements which were released on 27 June 2025 and are available on the Company's website.
3 Critical accounting estimates and judgements
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed below:
Share Based Payments
The Company measures the cost of equity-settled transactions by reference to the fair value of the equity instruments at the date at which they are granted. The fair value is determined by using the Black-Scholes model taking into account the terms and conditions upon which the instruments were granted. The accounting estimates and assumptions relating to equity-settled share-based payments would have no impact on the carrying amounts of assets and liabilities within the next annual reporting period but may impact profit or loss and equity. There have been no dilutive instruments issued in the period and the value remains equal to that in the annual financial statements as at the last reporting period.
Intangible Assets
Cryptocurrencies
The Company holds significant balance in cryptocurrencies (as detailed in note 5. The accounting for cryptocurrencies is an area that involves judgement, as there is currently no specific IFRS that directly addresses their treatment.
The Group has determined that its cryptocurrency holdings meet the definition of intangible assets under IAS 38 Intangible Assets, as they are identifiable non-monetary assets without physical substance and are not financial instruments. Management has assessed that the cryptocurrencies are not held for sale in the ordinary course of business and therefore are not classified as inventory under IAS 2.
Where the is no observable market for the cryptocurrency held, the cryptocurrencies are initially recognised at cost and subsequently measured at cost less any accumulated impairment losses, as there is no reliably observable active market that would justify the use of a revaluation model under IAS 38. Impairment testing is performed at each reporting date, and this involves estimation of the recoverable amount, typically determined with reference to observable market prices. Impairment losses cannot be reversed under IAS 38, even if the fair value of the cryptocurrency subsequently recovers. Management continues to monitor industry guidance and regulatory developments that may impact the accounting treatment of cryptocurrencies.
Where an active market exists for a particular cryptocurrency held by the company, the company initially recognises the asset at cost and subsequently applies a revaluation model. Increases are recognised in Other Comprehensive Income and accumulated in the Revaluation Reserve, except to the extent that they reverse a revaluation decrease on the same asset previously recognised in profit or loss. Decreases in carrying amounts are recognised in profit and loss except to the extent that they reverse previous upward revaluations recognised in equity.
The determination of whether an active market exists for a particular cryptocurrency involves judgement, including an assessment of trading volume, bid/ask spread, and market participant activity.
4 Earnings per share
The basic earnings per share is calculated by dividing the profit/(loss) attributable to equity shareholders by the weighted average number of shares in issue.
Unaudited At 8 August 2025
Unaudited At 31 May 2025
Audited At 28 Feb 2025
Loss for the period from continuing operations (£'000)
(10,398)
2,417
(708)
Weighted average number of ordinary shares in issue
465,537,050
454,210,796
399,075,001
Basic and diluted earnings per share for continuing operations (pence)
(2.23)
0.53
(0.18)
The Company had in issue 66,052,333 warrants at 8 August 2025. The profit attributable to equity holders and weighted average number of ordinary shares for the purposes of calculating diluted earnings per ordinary share are identical to those used for basic earnings per ordinary share. This is because the exercise of warrants and options would have the effect of reducing the loss per ordinary share and is therefore anti-dilutive.
5 Intangible assets
At 8 August 2025
Intangible asset Type
Opening Balance £'000
Additions £'000
Revaluations £'000
Closing balance £'000
Intellectual Property
2,157
-
-
2,157
Cryptocurrencies
33
100,828
(1,258)
99,603
Total
2,190
100,828
(1,258)
101,760
At 31 May 2025
Intangible asset Type
Opening Balance £'000
Additions £'000
Revaluations £'000
Closing balance £'000
Intellectual Property
-
-
2,157*
2,157
Cryptocurrencies
45
-
(12)
33
Total
45
-
2,145
2,190
At 28 February 2025
Intangible asset Type
Opening Balance £'000
Additions £'000
Revaluations £'000
Closing balance £'000
Intellectual Property
-
-
-
-
Cryptocurrencies
-
1
44
45
Total
-
1
44
45
* The Company initially acquired the core intellectual property (IP) from Flatiron for a consideration of £52,000. Subsequent development and enhancement activities were carried out through the engagement of external developers and technical consultants, with costs settled through a combination of GBP cash payments and equity-settled share issues.
In line with the Company's stated accounting policies and the requirements of IAS 38 Intangible Assets and IAS 36 Impairment of Assets, this expenditure should have been recognised as an intangible asset on initial capitalisation and immediately impaired to nil, reflecting the absence of demonstrable future economic benefits at the time of recognition. This adjustment represents the proper application of the Company's original accounting policy, but does not affect the audited financial statements for the year ended 28 February 2025, which remain unchanged.
In the unaudited interim results released on 10 July 2025 for the three months ended 31 May 2025, the IP was originally presented as a revaluation adjustment. These interim figures have now been amended to reflect a reversal of impairment, consistent with the recognition of cumulative development expenditure and the subsequent reassessment of recoverable amount at £2.157 million. The amended interim disclosures therefore align with the Company's accounting policy and IFRS requirements and should be read as superseding the original publication.
At 8 August 2025 the Group held the following Cryptocurrencies in Treasury:
Cryptocurrency
Number
Fair Value at 8 August 2025
Bitcoin (BTC)
1,148.647
£99,590,960
AROK Tokens
50,000,000
£12,022
£99,602,982
6 Investments
Unlisted Investments
8 August 2025
31 May 2025
28 Feb 2025
£'000
£'000
£'000
Roundhouse Digital
625
625
250
625
625
250
During the 3-month period ended 31st May 2025, the Company reassessed the fair value of its investment in Roundhouse Digital, an unlisted entity in which the Company holds approximate holdings of 17% equity interest. Based on updated financial information and recent comparable market transactions, the fair value of the investment increased by £375k. The gain of £375k has been recognised in the condensed consolidated statement of profit or loss under 'Other Comprehensive Income'.
As a result, the carrying amount of the investment was adjusted from £250K to £625K as at 31 May 2025.
There have been no disposals or transfers related to this investment during the period.
The investment is classified as a Level 3 instrument due to the use of unobservable inputs in the valuation model.
7 Trade and other receivables
Unaudited At 8 August 2025
Unaudited At 31 May 2025
Audited At 28 Feb 2025
£'000
£'000
£'000
Prepayments
6
7
11
VAT
80
9
14
Other receivables
7,488
3
-
Total trade & other receivables
7,574
19
25
Other receivables represent funds owing to the Company at the 8 August 2025 under the Convertible Loan notes issued in August (CLN 2) and have been received subsequent to the Balance Sheet date.
8 Share capital and share premium
Ordinary Shares
Share Capital
Share Premium
Total
#
£'000
£'000
£'000
At 28 February 2025
453,732,535
454
4,880
5,334
Issue of share capital
500,000
-
24
24
At 31 May 2025
454,232,535
454
4,904
5,358
Issue of share capital
73,567,665
74
1,116
1,190
At 8 August 2025
527,800,200
528
6,020
6,548
9 Share based payments and other reserves
The following warrants over ordinary shares have been granted by the Company and are outstanding at 8 August 2025:
Grant date
Expiry date
Exercise price
Exercisable at 31 May 2025
18 October 2021
04 January 2026
£0.01
6,700,000
05 January 2023
04 January 2026
£0.06
45,499,000
05 January 2023
04 January 2028
£0.03
5,020,000
26 June 2023
27 June 2026
£0.025
3,333,333
21 November 2024
20 November 2027
£0.002
500,000
04 February 2025
03 February 2028
£0.01
5,000,000
66,052,333
Share based payments Reserve
As at 8 August2025 £'000
As at 31May 2024 £'000
As at 28Feb 2025 £'000
Opening balance
743
743
704
Warrants issued in the period
-
-
39
Warrants exercised in the period
(317)
-
-
Balance at the end of the period
426
743
743
During the period a number of warrants were exercised as detailed in the table below:
Exercise date
Exercise price
Number of warrants exercised
24 June 2025
£0.025
16,666,665
9 July 2025
£0.03
1,400,000
12 July 2025
£0.01
15,000,000
12 July 2025
£0.06
4,501,000
25 July 2025
£0.002
20,000,000
25 July 2025
£0.02
11,000,000
25 July 2025
£0.01
5,000,000
73,567,665
The fair value of the share warrant rights granted are valued using the Black-Scholes option pricing model. The option pricing model assumptions can be referenced in the annual financial statements.
10 Trade and other payables
Unaudited At 8 August 2025
Unaudited At 31 May 2025
Audited At 28 Feb 2025
£'000
£'000
£'000
Trade creditors
1,880
347
311
Accruals
18
177
152
Social security and other taxation
-
-
1
Total trade & other payables
1,898
524
464
The directors consider that the carrying value of trade and other payables is approximately equal to their fair value.
11 Convertible Loan Notes and Warrants
During the period two Convertible Loan Notes were issued ("CLN1" and "CLN2") that are classified as Financial Liabilities at fair value the profit and loss (FVTPL) in accordance with IFRS 9. Details of the Loan Notes are as follows:
CLN1
On 17 June 2025 £5,000,000 in fixed price convertible Loan Notes were issued. The notes are non-interest bearing and convertible at £0.002 per share upon shareholder and regulatory approval by 30 September 2025. The loan notes mature on 30 December 2025 if an automatic conversion has not occurred. The loan notes are secured by first ranking debenture.
Under the terms of CLN1, note holders were given the right to be issued warrants ("Seed Warrants") should a subsequent Convertible Loan Note issue, CLN2, raise in excess of £100m, details of which are set out within the Seed Warrants section below.
The entire £5m proceeds have been allocated to derivative financial liabilities measured at fair value through the profit and loss. All transaction costs have been expensed immediately to the income statement as required under IFRS 9.
CLN2
On 28 July 2025 £163,949,000 in fixed price convertible Loan Notes were issued. The notes are non-interest bearing and convertible at £0.01 per share upon shareholder and regulatory approval by 30 September 2025. The loan notes mature on 30 December 2025 if an automatic conversion has not occurred. The loan notes are secured by first ranking debenture.
The entire £163,949,000 proceeds have been allocated to derivative financial liabilities measured at fair value through the profit and loss. All transaction costs have been expensed immediately to the income statement as required under IFRS 9.
Seed Warrants
Following the successful completion of CLN2, CLN1 holders were entitled to 1,591,560 Seed Warrants to subscribe for shares at £0.002 per share. These warrants were yet to be issued at the Balance Sheet date. Prior to completion of CLN2, the number of Seed Warrants to be issued was unknown, and as such could not be reliably valued. As a result, no amounts were recognised in the accounts in relation to these warrants at the time of the CLN1 issue. As no new consideration was given for these warrants when issued, no warrant reserve has been recognised in equity.
The following amounts are recognised at the balance sheet date as financial liabilities FVTPL:
Unaudited At 8 August 2025
Unaudited At 31 May 2025
Audited At 28 Feb 2025
£'000
£'000
£'000
CLN1
5,000
-
-
CLN2
163,949
-
-
Total trade & other receivables
168,949
-
-
12 Financial commitments & contingent liabilities
There were no capital commitments or contingent liabilities pertaining to the Company at 8 August 2025.
About Satsuma Technology PLC (LSE: SATS)
Satsuma Technology PLC is a London-listed public company pioneering the convergence of decentralised artificial intelligence and Bitcoin treasury management. The Company develops and operates decentralised AI infrastructure, including participation in Bittensor subnets, while applying a treasury-first model that aligns its balance sheet with Bitcoin, the world's most secure monetary network.
Through this dual focus, Satsuma aims to capture value from both sides of the digital transformation: the growth of AI-driven networks and the resilience of digital hard money. The Company is headquartered in London with treasury operations supported in Singapore, and is committed to setting new standards of transparency in emerging asset classes by providing frequent financial disclosures.
Website: www.satsuma.digital
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