Satsuma Technology, a UK-based Bitcoin firm, has sold 579 Bitcoin from its holdings, raising approximately £40 million (US$53.2 million). This sale reduces the company's Bitcoin reserves to 620 BTC and boosts its cash reserves to about £90 million. The move is intended to secure liquidity for a £78 million repayment of convertible loan notes due by December 31, 2025, contingent on note holders not opting for equity conversion during an upcoming IPO.