UK-listed Bitcoin accumulator Satsuma Technology (SATS) is being pressured by shareholders including venture capital fund Pantera Capital Management to divest its $50mn BTC and return capital to investors, Bloomberg reported.
Bitcoin Accumulator Satsuma Pushed To Divest Tokens by Pantera: Bloomberg
24 April 2026 - 10:00 CEST
The firm is the latest example of digital asset treasury (DAT) enterprises that have fallen out of favour as the price of the benchmark coin has plunged. Satsuma
confirmed to the news outlet that some shareholders are seeking a return of capital without naming them. The treasury firm was not available for comment when
contacted by Sandmark.
As of 1 Apr, the firm held a total of 646 Bitcoin, with a market value of approximately $45mn. It announced on 2 Apr that it had purchased 25.7 Bitcoin and embarked on a cost-reduction programme to cut expenses by more than 60%.
It said its existing cash reserves provide a runway of over 24 months of operating expenses, "without requiring any additional revenue or capital raising."
