When Satsuma Technology PLC raised £163.6 million ($217.6 million) through a convertible note round in August 2025, it looked like one of the UK’s boldest bets on the corporate bitcoin treasury model. Less than a year later, shareholders have voted to sell what’s left, cancel the company’s London Stock Exchange listing, and wind the whole thing down. The Satsuma bitcoin liquidation is now the most visible casualty of a bitcoin price downturn that has put smaller treasury companies across the board under severe strain.
Key takeaways
- On July 20, 2026, Satsuma shareholders passed two special resolutions — capital return and listing cancellation — each with over 90% support.
- The company holds roughly 668 BTC remaining to be…