Satsuma Liquidates Bitcoin Treasury and Delists After Shareholder Vote

Woofun AI reports that Satsuma Technology has abandoned its Bitcoin treasury strategy, a strategic reversal driven by shareholder conflict involving Mark Moss, Pantera Capital, Empery Digital, TD Cowen, The Smarter Web Company, and the London Stock Exchange. The decision marks a definitive end to the firm’s crypto-reserve model.

The liquidation mechanics were formalized in a July 2026 report, mandating the sale of 668 BTC valued at approximately $43.5 million. This holding previously positioned the entity as the second-largest public corporate holder of Bitcoin in British territory. The resolution overrides the objections of four board directors who favored continuity.

Financial deterioration accelerated after the firm raised £163.6 million via convertible bonds in 2025. Following a market pullback from Bitcoin’s $126,000 all-time high, shares plummeted, forcing a December sale of 579 BTC for £40 million to settle debt obligations with creditors.

Per Woofun AI, this move mirrors broader sector reassessments, such as Empery Digital selling 1,400 BTC for over $87 million to fund artificial intelligence processing centers.

Meanwhile, TD Cowen cut The Smarter Web Company’s price target by 36%, despite its 2,878 BTC treasury worth $191 million.

The final execution of asset sales and the subsequent delisting from the London Stock Exchange will proceed in the coming weeks. This timeline adheres strictly to the schedule agreed upon with regulatory authorities.