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Multiple Satsuma shareholders are pushing for the company to sell all its Bitcoin and return the funds to shareholders.

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PANews
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1 day ago
AI summarizes in 5 seconds.

PANews April 23 news, according to Bloomberg, multiple shareholders of the UK-listed company Satsuma Technology are pushing for the company to sell all Bitcoin and liquidate, returning funds to shareholders. Investors, including Pantera Capital, are dissatisfied with its "AI-driven" Bitcoin vault strategy. Satsuma currently holds approximately 646 Bitcoins, valued at around $50 million, but the company's market value is far below the value of its holdings, with the stock price plummeting over 99% from its peak of about £0.24 in June 2025. Satsuma previously raised about £164 million through convertible bonds and sold nearly half of its Bitcoins at the end of 2025 to repay non-converted stock creditors, after which the CEO and CFO resigned one after another. Meanwhile, other DAT model companies like Alt5 Sigma are also showing signs of brand restructuring.

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