Satsuma Becomes the Crypto Downturn’s Latest Bitcoin Treasury Casualty
Bitcoin (BTC) treasury agency Satsuma Technology’s shareholders voted to return all of the firm’s capital and to cancel its London Stock Exchange itemizing.
The liquidation provides to mounting strain on digital asset treasury (DAT) firms. The mannequin boomed in 2025, when companies raised capital to stockpile Bitcoin. In 2026, falling costs have pushed a number of to promote as a substitute.
Satsuma Shareholders Vote to Liquidate The Bitcoin Treasury
Pressure had been constructing for months. In April, Bloomberg reported that buyers have been pushing Satsuma to liquidate its Bitcoin and shut down operations.
Pantera Capital Management, a distinguished crypto enterprise fund, sat amongst these buyers. By then, the inventory had fallen 99% from its June 2025 high.
The marketing campaign turned formal in May. Shareholders holding greater than 20% of the issued capital requested the vote, in accordance with the firm’s submitting.
Four administrators urged rejection, whereas two dissenting administrators backed the resolutions. This week, the firm confirmed 90.63% voted to return capital and 90.59% to cancel the itemizing.
Satsuma holds 668 BTC value roughly $43.5 million. That ranks it as the UK’s second-largest public Bitcoin treasury, behind The Smarter Web Company, per Bitcoin Treasuries data.
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A Sector Selling to Survive
Satsuma isn’t alone. Strain on smaller companies started to indicate after the October crash. In November, Sequans offered 970 Bitcoin, about 30% of its holdings, to cut back convertible debt.
Empery Digital has also offered roughly 1,400 BTC, slicing its stack by about 48%. The promoting reached the largest holder, too. In June, Strategy launched its Digital Credit Capital Framework.
The plan allows it to periodically sell BTC to boost as much as $1.25 billion for its US greenback reserve, meet dividend and curiosity obligations when extra favorable than issuing new shares, and fund share or debt repurchases. In early July, BeInCrypto reported that Strategy sold 3,588 BTC for about $216 million.
For Satsuma, the timeline is about. It expects to cancel its itemizing on September 14 and return proceeds to shareholders by late September.
Whether different treasuries observe Satsuma out of public markets might form the sector’s subsequent section.
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The publish Satsuma Becomes the Crypto Downturn’s Latest Bitcoin Treasury Casualty appeared first on BeInCrypto.
