Crypto
UK bitcoin treasury firm Satsuma sells all BTC, moves toward delisting
UK bitcoin treasury firm Satsuma Technology will sell all 668 bitcoin it holds and wind down the business, less than a year after adopting bitcoin holdings as a core strategy. Shareholders approved the sale and a London Stock Exchange delisting with more than 90 percent support. After selling about $43.5 million of bitcoin, the company plans to refund remaining funds via a UK “B share scheme”, projecting payouts of 26.8 million to 30.0 million pounds after costs.
