Wu Says he learned that shareholders of Satsuma Technology, a UK-listed Bitcoin treasury company, approved special resolutions to return most of the capital and remove its official listing status from the FCA list, with all approval votes exceeding 90%. The board of directors has approved shutting down all trading activities and selling its Bitcoin holdings. By the end of June, the company held about 668.48 BTC. In 2025, Satsuma raised roughly £164 million in convertible note financing to expand its Bitcoin reserves, but since then the share price has fallen sharply and its market value once fell below the value of the Bitcoin it held. Shareholders such as Pantera demanded liquidation of assets and return of capital. The company expects to be delisted on September 14 and to complete the return of funds by September 28.

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LiquidityMinter
· 5h ago
How much is 668 BTC worth right now? My estimate is that the money returned won’t be enough to cover the initial investment cost.
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LaoZhangScalp
· 5h ago
Delisting + selling coins means minority shareholders can only passively accept it; this corporate governance structure is worth reflecting on.
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FibonacciBacktester
· 5h ago
Once a big shareholder like Pantera moves, retail investors are left with nothing but dust to eat—sure enough, in this capital game, it’s whoever swings the bigger fists that gets to call the shots.
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PermafrostSnow
· 5h ago
They raised £164 million back then to expand reserves, and now the stock price has fallen even worse than BTC—truly a textbook example of “buying at the top.”
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