Satsuma Technology PLC (LSE:SATS) CEO Henry Elder talked with Proactive's Stephen Gunnion about his vision for combining decentralised artificial intelligence (AI) with a Bitcoin treasury strategy. Elder, who took over as CEO of the company in July, explained his background in digital assets, including roles at Wave Digital Assets and UTXO Management. He said Satsuma’s presence in the London capital markets, alongside its Bitcoin treasury policy, was a major attraction.
Along with his appointment, the company purchased £2.5 million of Bitcoin. Elder said the union of Bitcoin and decentralised AI is “a very, very symbiotic one” and argued that AI agents of the future will require a decentralised, borderless currency like Bitcoin for efficient transactions. He noted that Satsuma’s AI operations leverage the Bittensor network, while Bitcoin holdings provide flexibility to scale the business and manage volatility.
The company recently completed a heavily oversubscribed £164 million capital raise, much of it settled in Bitcoin. Elder said this provided liquidity to support Bittensor operations and protect value during market fluctuations. Satsuma is also deploying AI agents to audit Bitcoin treasury companies and has committed to monthly unaudited financial reporting for greater transparency.
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