Home›Crypto›Market Structure›Satsuma shareholders vote to sell 668 BTC and unwind B…

Satsuma shareholders vote to sell 668 BTC and unwind Bitcoin treasury

The UK firm says it expects to return about £26.8 million to £30 million after wind-down costs, down from the £163.6 million it raised last August.

Reported · Written up by our desk · Market Structure

Satsuma Technology, a UK Bitcoin treasury company, is ending its digital asset treasury model after shareholders voted to liquidate the firm’s entire Bitcoin holding and shut down the business. More than 90% of votes cast supported selling 668 BTC and canceling its London Stock Exchange listing, according to a Monday filing reviewed by Decrypt.

The resolution unwinds a short-lived attempt to treat Bitcoin as a corporate treasury asset. Satsuma raised £163.6 million in August 2025 via convertible notes, and the company now expects to return only £26.8 million to £30 million after wind-down costs, the outlet reported.

Satsuma originally began as TAO Alpha, later rebranding and hiring Mark Moss in August 2025 as Chief Bitcoin Strategist. Investors in the 2025 funding round also contributed 1,097 BTC directly rather than cash, Decrypt said, and the stock later peaked around £14 per share in June 2025.

After Bitcoin’s October 2025 all-time high and a subsequent slide into a crypto winter, Satsuma began selling assets to stay solvent, including a sale of 579 BTC in December 2025 to repay noteholders. Decrypt also reported that the CFO left in February 2026, the CEO followed in March, shares later lost more than 99% of their June 2025 value, and Pantera Capital pushed for full liquidation.

Latest closeBitcoin $66,283.65 ▲1.6%

More like this

Sources