Satsuma Technology PLC
Satsuma Technology PLC (formerly TAO Alpha) is a UK-based company providing Bittensor subnet infrastructure and AI agent services. Adopted a Bitcoin treasury strategy in mid-2025, raising £169M through two convertible loan note offerings, with some subscribers contributing directly in Bitcoin.
BTC Holdings
645.7 BTC
180d
Stock Price
0.00 GBP
180d
Total financing
0.00 GBP
180d
mNAV
0.73x
180d
Leverage
0.0%
180d
BTC Credit
0 bps>10x
Sats/Share
6
180d
Mkt cap
24.65M GBP
Shares
11.20B
Fiat reserve
5.99M GBP
Total reserve
39.99M GBP
Dilution
0.0%
Analytics
Financials
IFRSSemi-AnnualAs of 2025-08-31
Balance Sheet
Total Assets£153.4M
Total Liabilities£170.4M
Stockholders' Equity£-17M
Cash & Equivalents£60.5M
Total Debt£169M
Digital Assets£92.5M
Income Statement
Revenue—
Operating Income—
Net Income£-25.9M
Interest Expense—
Cash Flow
Operating Cash Flow—
Instruments
Total
0.00 GBP
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price |
|---|---|---|---|---|---|
| Total | 0.00 GBP | ||||
Recent Changes
Thu, Apr 2, 2026
BTC Holdings
620→645.7+25.7 BTC(+4.1%)
+25.65 BTC for £1,384,175 (~£51,939/BTC) from existing fiat reserves
Cost Reduction Programme and Bitcoin PurchaseWed, Apr 1, 2026
Fiat Reserve
11.8M→6.0M-5.8M(-49.2%)GBP
Cost Reduction Programme and Bitcoin Purchase
Tue, Dec 30, 2025
Debt OutstandingRepaymentSATS-Dec25
77.9M→0-77.9M(-100.0%)
Publication of Prospectus
Fri, Dec 19, 2025
Shares Outstanding
472.3M→11.20B+10.73B(+2272.2%)
Publication of Prospectus
Fiat Reserve
60.6M→11.8M-48.8M(-80.5%)GBP
Publication of Prospectus
Thu, Dec 18, 2025
Debt OutstandingConversionSATS-CLN1
5.0M→0-5.0M(-100.0%)
Publication of Prospectus
Debt OutstandingConversionSATS-Dec25
163.7M→77.9M-85.8M(-52.4%)
Publication of Prospectus
Thu, Dec 11, 2025
BTC Holdings
1.2K→620-579 BTC(-48.3%)
BTC Holdings Tracker
Thu, Nov 27, 2025
BTC Holdings
1.1K→1.2K+50.35 BTC(+4.4%)
BTC Holdings Tracker