Fineqia invests in Satsuma Technology

Executive Summary

• Fineqia International Inc. has made an investment in Satsuma Technology PLC (formerly Tao Alpha PLC), a London Stock Exchange-listed company.
• The investment aligns with Fineqia’s strategy to build a portfolio of companies focused on decentralization technologies, Web 3.0, and AI infrastructure.
• Satsuma Technology is actively engaged in digital asset treasury (DAT) activities, holding 1,148 BTC, and is developing decentralized AI infrastructure on the Bittensor network.

Key Details

• Investment Structure: Fineqia invested in Satsuma Technology PLC; the investment represents less than 2% of Fineqia’s current market capitalization.
• Satsuma Technology Profile:
  • Listed on the London Stock Exchange.
  • Recently disclosed a convertible loan note financing of approximately £163.6 million, which was oversubscribed by 64%.
  • A portion of the financing proceeds was reportedly settled in Bitcoin.
  • Proceeds are intended to support operational expansion and Bitcoin treasury development.
• Satsuma Technology Holdings & Strategy:
  • Adopted a treasury policy allowing reserves (outside of working capital) to be held in Bitcoin via a Singapore-based subsidiary.
  • Reported Bitcoin holdings of 1,148 BTC.
  • Engaged in decentralized AI infrastructure work on the Bittensor network, including AI agent-driven subnets built on TAO.
• Market Context:
  • As of September 22, 2025, Satsuma Technology’s market capitalization was approximately £8.71 million.
  • Fineqia CEO Bundeep Singh Rangar noted increased disclosure of DAT activity among listed companies and developments in AI-related infrastructure.
• Fineqia Business Overview:
  • Provides institutional-grade exposure to blockchain-based decentralized finance.
  • Issues crypto-asset-backed exchange-traded products under European permissions, including the Fineqia FTSE Cardano Enhanced Yield ETN (YADA) and Fineqia Bitcoin Yield ETP (YBTC).
  • Invests in businesses tokenizing real-world assets, dApps, DeFi, and blockchain protocols.

Notable Quotes

• "We're observing increased disclosure of DAT activity among listed companies, alongside developments in AI-related infrastructure," said Bundeep Singh Rangar, chief executive officer of Fineqia. "Satsuma has publicly disclosed its intentions regarding blockchain-related initiatives. Such disclosures reflect broader market developments."