According to Bloomberg, sources familiar with the matter revealed that the crypto venture capital fund Pantera Capital is urging the London-listed company Satsuma Technology Plc to sell its remaining $50 million worth of Bitcoin and return the funds to shareholders. Pantera owns approximately 7% of Satsuma. Ranald McGregor-Smith, Chairman of Satsuma, confirmed that some shareholders have requested a return of funds and stated that they are exploring plans to protect the interests of all shareholders. Satsuma raised $221 million last August for a Bitcoin treasury strategy and currently holds 646 Bitcoins. According to sources, shareholders are also calling for the replacement of management, and Satsuma has now announced that CEO Henry Elder and CFO Andrew Smith have resigned.

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