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CryptoUpdated×3•Originally published 23 April 2026•Updated 23 April 2026•

1 min read

Pantera Capital Urges Satsuma Technology to Sell $50M Bitcoin Treasury

Key Facts

1Pantera Capital is pressing London-listed Satsuma Technology to sell its remaining $50 million bitcoin treasury.

2Pantera Capital is calling for the proceeds from the digital asset sale to be returned to investors.

Pantera Capital Management is intensifying pressure on London-listed Satsuma Technology to liquidate its $50 million Bitcoin treasury, acting as a primary driver within a broader group of activist shareholders. The investor group is demanding the immediate sale of these digital assets to return proceeds to shareholders following a 99% collapse in the company's stock price. In response to these demands, Satsuma has officially commenced a review of its strategic options regarding the liquidation. This coordinated effort signals a significant decline in institutional support for corporate Bitcoin treasuries, especially among firms facing financial distress. By pushing for liquidation, the group aims to unlock remaining value from treasury holdings amid extreme market volatility. If the sale proceeds, it could introduce approximately $50 million in sell-side pressure on the Bitcoin market.

about 1 month ago

Version History

5 additional sources confirmed this story

Version 3about 1 month ago

What changed: Satsuma has officially initiated a review of its strategic options in response to shareholder demands to liquidate its Bitcoin treasury.

Version 2about 1 month ago

What changed: Updated to clarify that Pantera Capital is part of a broader shareholder group, framing the event as a decline in institutional support for corporate Bitcoin treasuries.

Version 1about 1 month ago

What changed: Added context regarding the 99% stock price collapse and identified Bloomberg as the primary reporting source.