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.

Shanghai-based AI developer Minimax is seeking to raise $2 billion, with more than half to come from issuing new shares and the rest from convertible bonds. It is also pursuing a $6.5 billion convertible bond offering maturing in 2027, allowing investors to obtain 19.4 million shares at 12.6 percent above Thursday’s close. The company’s shares fell 9.8 percent after the fundraising news.