Sheridan, Wyoming · USA · Est. 2025

Sats Holdings
Fund LLC.

Digital Capital  ·  Lightning Network  ·  Blockchain

Fund Overview FY 2025–26
Entity TypeLLC, Wyoming
SectorDigital Capital
Primary AssetBitcoin (BTC)
Target Portfolio Value> $10,000,000
Investment HorizonLong-Term
Private holding company
Not an investment adviser or broker-dealer
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>$10M
Long-Term Target Value
2025
Founded in Wyoming
BTC
Corporate Bitcoin Portfolio
2026
ARK Invest Report

Digital Capital &
Blockchain

Sats Holdings Fund LLC., established in Wyoming in 2025, is a U.S. holding company operating in the sector of investments in digital capital and blockchain technology.

"Digital capital and blockchain technology are not the future, they are simply the present!"

— Rosario Cefalo, Sole Manager

Operating at the forefront of the digital asset revolution, we focus on long-term value creation through strategic Bitcoin holdings and Lightning Network infrastructure.

Sats Holdings Fund
Fund Overview · 2025
Domicile Wyoming, USA
Structure Manager-Managed LLC
Custody Model Non-Custodial Multisig
Base Currency USD
Settlement Layer Lightning Network
Reporting Cycle Annual
Long-term accumulation trajectory

Bitcoin
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Our Areas of
Investment

01

Bitcoin Holdings

Corporate-owned Bitcoin portfolio with a long-term vision exceeding $10M in target value. We accumulate and hold Bitcoin as a strategic digital reserve asset.

02

Lightning Network

Deeply engaged with Lightning Network infrastructure — the layer-2 payment protocol enabling instant, low-cost Bitcoin transactions at global scale.

03

Blockchain Technology

Strategic investments and research in blockchain technology innovation, with a focus on the ARK Invest 2026 market outlook and emerging digital finance trends.

04

International Relations

Drawing on deep experience in international investment relations, bridging economic systems across geographies and cultures — from Europe to the Gulf States.

05

Digital Capital Research

Curated research and strategic analysis on digital capital markets, including the ARK Invest 2026 Report and insights on Satoshi Nakamoto's original vision.

06

Private Fund Management

Management of a private digital capital investment fund (BTC-TC) in the United States, structured for long-term value creation and member benefit.

Programmable Payments
Compliance Advisory

Sats Holdings Fund LLC. advises companies adopting programmable, instant-settlement payment rails — whether replacing SWIFT for B2B cross-border payments, or monetizing APIs as pay-per-call services for AI agents via L402 (Lightning) or x402 (stablecoin). The underlying compliance work is the same in both cases: VAT treatment, DAC8 alignment, and choosing the right settlement partner.

Where the payment is initiated autonomously by an AI agent, a second compliance layer applies: EU AI Act classification of the agent itself, and PSD2 Strong Customer Authentication / consent evidence for the transaction. This layer is covered jointly with Studio di Consulenza CEFALO, our Sole Manager's EU AI Act & Italian Law 132/2025 compliance practice — one point of contact, both frameworks covered.

"Whether it's a supplier payment or an API call, the question is the same: is the money movement compliant, and is it actually cheaper than what you're using today."

— Rosario Cefalo, Sole Manager

Engagements are hands-on and personally led by our Sole Manager: a single compliance assessment and technical specification, handed to your own team or developer to implement — we map the path, you keep control of your infrastructure.

Programmable Payments Compliance Advisory
B2B Cross-Border Payments & AI-Agent API Monetization
Assessment Fee €5,000 one-time
Annual Compliance Subscription €500/year, renewable
Voucher –€1,000 off assessment with annual subscription
Use Cases SWIFT replacement & AI-agent API payments
Protocols Covered Lightning (Phoenix Wallet), L402, x402
AI-Agent Layer EU AI Act & SCA — with Studio CEFALO
Delivery Personally guided, end-to-end

Engagement
Structure

A €5,000 one-time assessment fee covers the complete engagement below, whichever use case applies — cross-border B2B payments or AI-agent API monetization. Clients who commit to the Annual Compliance Subscription at the same time receive a €1,000 voucher off the assessment fee, bringing it to €4,000.

Phase 1 — Assessment

Analysis of the client's use case: import/export payment flows and corridors, or API endpoints considered for pay-per-call monetization. Written report comparing current costs (SWIFT fees/FX spread, or existing subscription/API-key model) against the programmable-payments alternative, using the client's own figures.

Phase 2 — Compliance Mapping

VAT treatment of the underlying service (not the payment rail itself), DAC8 alignment for the crypto or stablecoin settlement chosen, and verification of the client's exchange or gateway partner's regulatory status (MiCA/RCASP where relevant). Where an AI agent initiates the payment, this phase also covers EU AI Act classification of the agent and PSD2 Strong Customer Authentication / consent-evidence mapping — delivered jointly with Studio di Consulenza CEFALO, with authorization logs optionally certified via CEFALO Time-Seal (independently verifiable timestamping, RFC 3161).

Phase 3 — Technical Specification

A clear implementation spec handed to the client's own developer or payments team — wallet setup and signing policy for B2B payments, or L402/x402 gateway configuration for API monetization. We guide; your team implements.

Phase 4 — Handover & Support

Internal operational playbook the client's team can reuse independently. 30 days of post-implementation support included. Clients on the Annual Compliance Subscription continue receiving quarterly regulatory updates and partner-status checks beyond this point.

Not included: formal tax or legal opinions binding on the client's specific jurisdiction (referred to the client's own counsel or accountant); ongoing managed payment operations beyond the setup engagement.

Request Assessment

Agent Notary Protocol
Enterprise

Our public Agent Notary Protocol (agentnotaryprotocol.netlify.app) already lets any AI agent discover and pay for an RFC 3161 timestamp certification on its own — no account, no invoice, no human in the loop — using the x402 payment protocol. As agents increasingly make decisions and execute payments autonomously, EU AI Act Article 14 requires proof of human oversight: a certified, independently verifiable record of what an agent decided, before the action executed.

The Enterprise tier takes that same certification layer and deploys it for your organization: a dedicated endpoint outside public per-call pricing, a legal framework defining exactly what each certificate proves, and direct integration with your existing AI Act technical documentation — delivered jointly with Studio di Consulenza CEFALO.

"A certificate proves the agent's decision existed, exactly as recorded, at that moment — not that the decision was right. That distinction is the whole point of Article 14 evidence."

— Rosario Cefalo, Sole Manager
Agent Notary Protocol Enterprise
Certified Proof of Autonomous Agent Decisions
Setup Fee €5,000 one-time
Annual Subscription €3,000/year
Standard RFC 3161 timestamping, x402 protocol
Legal Basis EU AI Act Art. 14 (human oversight)
Delivered With Studio di Consulenza CEFALO

Setup — €5,000 one-time

Mapping of which agent decisions actually require certification — not every action, only high-risk or high-impact ones. A tailored legal framework defining what each certificate proves, its evidentiary scope, and liability limits. Dedicated certification endpoint access for your agents, outside the public per-call pricing. Integration with your existing Art. 11 / Art. 14 technical documentation.

Annual Subscription — €3,000/year

Included certification volume, with overage billed separately. Timestamp validity renewal. Framework updates as Article 14 guidance evolves. Optional bundling with regulatory-alert monitoring from Studio di Consulenza CEFALO.

Not included: formal legal opinion on whether a specific agent deployment qualifies as high-risk under Annex III (covered separately by Studio di Consulenza CEFALO); implementation of the agent's own decision logic.

Request a Deployment

SWIFT Alternative for
International B2B Payments

Companies that pay overseas suppliers or receive payments from foreign buyers typically rely on SWIFT wire transfers. The Lightning Network — the payment layer built on top of Bitcoin — is emerging as a direct alternative for B2B settlement, with materially lower fees and near-instant finality. Here's how the two compare, and where the real risks and open questions are.

The real cost of a SWIFT wire

A single international wire rarely costs just the flat fee your bank quotes. Three separate costs stack on top of each other: the sending bank's fee (commonly €25-45), the correspondent bank's cut as the payment passes through intermediary banks, and the FX spread applied by whichever bank does the currency conversion — often 1-3% of the transferred amount, rarely disclosed as a separate line item. Add 2-4 days of settlement time, during which working capital is simply in transit, earning nothing and unavailable to either party.

Typical SWIFT Cost

€25-45 flat fee + 1-3% hidden FX spread per transfer

Typical Settlement Time

2-4 business days, sometimes longer across certain corridors

Lightning Network Equivalent

Under €0.10 in routing fees, settlement in seconds

⚡ Estimate Your Savings
Est. Monthly SWIFT Cost
Est. Monthly Lightning Cost
Est. Annual Savings

Estimate only, based on typical industry ranges: 2% average FX spread and €35/transfer for SWIFT; 0.1% conversion spread and €0.05/transfer for Lightning. Your actual costs depend on your bank, corridor, and volumes — the Advisory assessment maps your real figures.

How Lightning settlement actually works

Instead of routing a payment through a chain of correspondent banks, Lightning Network payments move through a mesh of pre-funded payment channels connecting sender and receiver, directly or via a short path of intermediary nodes. No single intermediary holds the funds mid-transfer, and settlement is cryptographically final within seconds — there is no multi-day SWIFT message queue to wait on.

"Import/export flows settled in seconds, not days — with a non-custodial multisig setup and a fraction of traditional wire costs."

— Rosario Cefalo, Sole Manager, Sats Holdings Fund LLC.

Frequently Asked Questions

Is this legal / compliant under EU rules (MiCA, Transfer of Funds Regulation)?

Using Lightning as a settlement rail is a different activity from holding Bitcoin as a treasury asset or operating as a crypto-asset service provider. The wallet itself requires no license — the real compliance touchpoint sits with the exchange used to convert fiat to BTC and back, which must verify wallet ownership for transfers above €1,000 under the Travel Rule. Customs declarations and import VAT are unaffected by the payment rail.

Do we need to hold Bitcoin on our balance sheet?

No. A properly structured B2B settlement flow can convert in and out of Bitcoin at the edges, so the company's exposure to price volatility can be minimized or eliminated depending on the setup chosen.

What does the custody model mean in practice?

The setup is non-custodial multisig: the company holds its own keys across multiple signers, with no single party (including us) ever in sole control of funds, rather than funds sitting inside a bank's or clearing house's system while in transit. No third party can freeze, delay, or reverse a settlement once it is final, and no single key can move funds on its own.

How does the annual subscription voucher work?

Clients who commit to the Annual Compliance Subscription at the time of the initial assessment receive a €1,000 voucher off the €5,000 assessment fee, bringing it to €4,000. The subscription itself covers quarterly regulatory updates and a check on your exchange or gateway partner's status, and is renewable annually.

See the Advisory Engagement
RC
Rosario Cefalo — Sole Manager

Rosario
Cefalo

Italian Investor & Philanthropist · Naples, 1977

Rosario Cefalo is an Italian investor and philanthropist born in Naples in 1977. After graduating in Law at the University of Naples "Federico II", he deepened his interest in innovative finance across Naples, Geneva and London.

His career spans international investment relations, institutional commitments, and pioneering digital capital management — bridging Western finance with the Arab world and Gulf region.

2002 Law degree, University of Naples "Federico II" — begins cross-border investment career between Naples, Geneva and London.
2015 Involvement in developing investment relations between Italy and Qatar, supporting global cultural and financial openness.
2018 Founded UK ZEFIRO Ltd. in London — investing globally to create value for members and international community.
2025 Appointed Sole Manager of Sats Holdings Fund LLC. in Wyoming — overseeing a private digital capital fund with corporate Bitcoin portfolio.
Identity — Unknown by Design

Satoshi Nakamoto
The Genesis

Every fund built on Bitcoin exists because, in 2008, someone chose a pseudonym over a name and a protocol over a company. Sats Holdings Fund LLC. is not affiliated with Satoshi Nakamoto in any way — this page exists simply as a record, for anyone who lands here, of where the ledger began.

Block 0 — Coinbase Message, 3 January 2009
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
31.10.2008
The Whitepaper
"Bitcoin: A Peer-to-Peer Electronic Cash System" is sent to a small cryptography mailing list — nine pages proposing a currency with no bank, no ledger-keeper, no one to ask permission from.
03.01.2009
Genesis Block
Block 0 is mined. Fifty bitcoin, unspendable by design, permanently timestamped against that morning's financial news.
12.12.2010
Stepping Back
A final public post on the Bitcoin forum, about ordinary technical work. Soon after, the project's alert key passes to Gavin Andresen.
26.04.2011
Last Known Words
A final email to a fellow developer: the project was in good hands. No further communication has surfaced since.
Days since Satoshi Nakamoto's last known words — the network has not missed a single block in any of them.
Michael J. Saylor
Founder & Executive Chairman, Strategy Inc.

"Bitcoin is digital gold."

— Michael J. Saylor, 2020, on adopting Bitcoin as a corporate treasury reserve asset

In August 2020, Saylor's company — then MicroStrategy, renamed Strategy Inc. in February 2025 — became the first major public company to adopt Bitcoin as its primary treasury reserve asset, a decision that helped define the institutional case for corporate Bitcoin holdings that Sats Holdings Fund LLC. was later built on.

As of its most recent quarterly disclosure, Strategy holds roughly 846,000 BTC, making it the largest publicly traded corporate holder of Bitcoin in the world.

Sats Holdings Fund LLC. is not affiliated with Michael Saylor or Strategy Inc. in any way. Strategy's treasury model has also faced real strain through 2026 — bitcoin's price pulled back sharply from its late-2025 highs, and the company sold a portion of its holdings to help fund dividends on its preferred stock. Included here as a reference point on the institutional thesis, not as investment guidance.

Regulatory &
Risk Disclosure

Regulatory Status

Sats Holdings Fund LLC is a privately held Wyoming limited liability company. It is not registered as an investment company, investment adviser, broker-dealer, or money transmitter in any jurisdiction, and does not offer securities or asset management services to the public.

No Offer or Solicitation

Nothing on this website constitutes an offer to sell, or a solicitation of an offer to buy, any interest in the Company. Figures such as the long-term portfolio target are internal objectives, not projections or guaranteed outcomes.

Digital Asset Risk

Bitcoin and other digital assets are volatile, largely unregulated, and speculative. Their value can decline significantly and without warning; past performance is not indicative of future results.

Request an
Assessment

Tell us about your cross-border payment flows or your plans to monetize API access for AI agents, and we'll follow up directly — no obligation, no automated reply.

Your details go directly to Sats Holdings Fund LLC. and are never shared with third parties.

Request an
Introduction

Sats Holdings Fund LLC. shares periodic, invitation-based updates on digital capital strategy and Lightning Network developments with a limited circle of members and partners.