Fineqia International Inc (CSE:FNQ, OTC:FNQQF) announced that it has invested in LSE-listed Satsuma Technology PLC, formerly known as Tao Alpha Plc.
Fineqia said its investment in Satsuma is in line with its strategy of building a portfolio of companies involved with decentralization technologies, Web 3.0, and artificial intelligence (AI).
It noted that the investment also gives Fineqia exposure to a publicly listed company active at the intersection of Digital Asset Treasury (DAT) activities and AI infrastructure.
"We're observing increased disclosure of DAT activity among listed companies, alongside developments in AI-related infrastructure," Fineqia International CEO Bundeep Singh Rangar said in a statement.
"Satsuma has publicly disclosed its intentions regarding blockchain-related initiatives. Such disclosures reflect broader market developments."
The company added that Satsuma Technology has disclosed a convertible loan note financing of approximately £163.6 million, stated to be oversubscribed by 64% with a portion reportedly settled in Bitcoin (BTC).
According to Satsuma's public disclosures, proceeds are intended to support operational expansion and Bitcoin treasury development.
Fineqia International said its investment in Satsuma represents less than 2% of Fineqia's current market capitalization.