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Several Satsuma shareholders are pushing the company to sell all its Bitcoin holdings and return the funds to shareholders. - CoinFeed
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Several Satsuma shareholders are pushing the company to sell all its Bitcoin holdings and return the funds to shareholders.

April 23, 2026
CoinFeed News

CoinFeed reported on April 23 that, according to Bloomberg, several shareholders of UK-listed Satsuma Technology are pushing for the company to sell all of its Bitcoin and liquidate, returning the funds to shareholders. Investors, including Pantera Capital, are dissatisfied with its "AI-driven" Bitcoin vault strategy. Satsuma currently holds approximately 646 Bitcoins, worth about $50 million, but the company's market capitalization is far below the value of its holdings, with its share price plummeting over 99% from its June 2025 peak to approximately £0.24. Satsuma previously raised approximately £164 million through convertible bonds and planned to sell nearly half of its Bitcoins by the end of 2025 to repay unconverted creditors, after which its CEO and CFO resigned.

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