Update 8 of 14
Satsuma Unwinds Bitcoin Treasury
Satsuma Shareholders Vote to Liquidate $43.5 Million Bitcoin Treasury and Delist From London Stock Exchange
Satsuma shareholders approved the liquidation of approximately $43.5 million in Bitcoin held in the company's corporate treasury and voted to end the company's London Stock Exchange listing. The unwinding represents a reversal of the corporate Bitcoin treasury strategy and adds a negative data point to institutional BTC accumulation activity.
3 sources
- Satsuma shareholders vote to liquidate $43.5 million in Bitcoin, end LSE listing · en.coin-turk.com · T2
- DAT Went Wrong: Satsuma to Unwind Bitcoin Treasury, Sell Off $43 Million in BTC · decrypt.co · T2
- Satsuma shareholders approve bitcoin treasury liquidation and London delisting · theblock.co · T1