Pantera Capital is pressuring Satsuma Technology Plc to sell its remaining Bitcoin holdings, valued at approximately $50 million, and return the proceeds to shareholders. This move comes as Satsuma's stock has plummeted 98% from its peak last June. Pantera's DAT Opportunity Fund, which owns 6.7% of Satsuma, is among the investors advocating for a full exit from the company's 646 BTC position.
Satsuma has confirmed receiving requests for capital returns but has not disclosed the investors involved. The company is currently evaluating its options to address these demands while considering shareholder interests. Previously, Satsuma raised £164 million through a convertible note in August 2025 and sold 579 BTC in December to raise about £40 million. The pressure on Satsuma reflects broader concerns about the risks of aggressive Bitcoin exposure for corporate treasuries, as highlighted by market experts like Michael Burry and Zac Prince.
Pantera Capital Urges Satsuma to Liquidate $50M Bitcoin Holdings
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