Investing.com — Digital asset funding agency Pantera Capital is urging London-listed Satsuma Know-how (SATS) to liquidate its remaining bitcoin holdings and return money to shareholders, based on a Bloomberg report on Thursday.
Pantera’s DAT Alternative Fund, which holds a 6.7% stake within the firm, is amongst buyers calling for a full wind-down of Satsuma’s roughly $50 million place in bitcoin (646 BTC). The push comes after a dramatic decline within the agency’s share value, which has fallen about 99% from its peak of £14 final June.
Satsuma confirmed it has obtained requests from shareholders in search of capital returns however didn’t identify the buyers concerned, based on the report. Government Chairman Ranald McGregor-Smith stated the corporate is evaluating its choices whereas contemplating the pursuits of all shareholders.
The corporate had beforehand raised £164 million in August 2025 by way of an oversubscribed convertible be aware backed by main crypto buyers. Nonetheless, sharp volatility in bitcoin—rising above $126,000 earlier than dropping by half to round $60,000—has undermined confidence in crypto-heavy treasury methods.
Satsuma’s market worth has now slipped beneath the price of its bitcoin holdings, additional intensifying investor considerations. Management modifications have added to the uncertainty, together with a board departure in February and the resignation of CEO Henry Elder in March.
