Dossier
Satsuma Technology
Coverage of Satsuma Technology in the Nexus archive.
- Satsuma Shareholders Approve Bitcoin Liquidation, London Delisting
Satsuma shareholders approved liquidating the company’s bitcoin treasury and delisting from the London Stock Exchange. The resolutions passed with over 90% support, leading to the sale of 668 BTC and a scheduled delisting by September 14.
- Pantera Capital Urges Satsuma to Dump All Bitcoin as Shares Collapse 99%
Pantera Capital is urging Satsuma Technology to liquidate its 646 BTC holdings amid a 99% collapse in the company's share price. The crypto firm, holding 6-7% of Satsuma, joins investors pushing to wind down Bitcoin positions as the stock's value fell below its digital asset holdings. Satsuma's leadership is reviewing options while facing governance concerns and prior criticisms over debt repayment strategies.