Satsuma Technology to Liquidate Bitcoin Treasury, Sell 668 BTC
Satsuma Technology, a UK-based Bitcoin treasury firm, plans to liquidate all its Bitcoin holdings worth approximately $43 million after shareholders approved a sell-off. The decision follows a significant decline in the company's market value and aims to return capital to investors, according to Decrypt.
Satsuma Technology has announced plans to liquidate its entire Bitcoin position and cease operations after shareholders overwhelmingly approved the motion. The company, which raised £163.6 million (about $218 million) last year, will sell 668 BTC—valued at about $43.5 million—and cancel its listing on the London Stock Exchange, following a vote where over 90% supported the sell-off.
This development signifies the end of what is known as a Digital Asset Treasury (DAT) for Satsuma, which had transitioned from a small AI firm named TAO Alpha to a Bitcoin-focused entity. The rebranding included hiring Mark Moss, a prominent Bitcoin strategist, as Chief Bitcoin Strategist. Satsuma aimed to capitalize on the investment trend in digital assets by incorporating Bitcoin as a corporate treasury asset, a concept likened to a rainy-day fund.
Despite initial enthusiasm and a stock peak in June 2025—leading to a market cap of approximately £66 million—the company faced challenges as the broader cryptocurrency market entered a downturn. Bitcoin's price reached an all-time high of $126,000 in October 2025 but subsequently fell dramatically, causing Satsuma's stock to tumble more than 99% by April 2026, trading at fractions of a penny.
The situation worsened for Satsuma when its Chief Financial Officer resigned in February 2026, followed by the CEO in March. This leadership turnover coincided with the company's decision to liquidate assets, including the sale of 579 BTC for £40 million to remain solvent and satisfy noteholders who opted not to convert their debt into shares.
As noted, the company has now moved to fully unwind its operations, reflecting the volatility and uncertainty faced by digital asset treasury firms amid harsh market conditions.
Summary based on original reporting by Jose Antonio Lanz at Decrypt, originally published Jul 22, 2026. SolanaWire does not republish source content.
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