Pantera Pushes Satsuma to Sell Bitcoin Holdings as Shares Collapse 99%

Bitcoin Treasury Strategy Under Pressure in London Markets

Pantera Capital is urging London listed Satsuma Technology to liquidate its remaining Bitcoin holdings and return cash to shareholders after a severe collapse in both its stock price and digital asset strategy. According to Bloomberg, Pantera’s DAT Opportunity Fund, which holds about 6.7% of the company, is among investors calling for the wind-down.

Satsuma currently holds around 646 BTC, valued at roughly $50 million, after selling 579 BTC in December. The company has seen its shares plunge 99% from a peak of 14 pounds ($18.90) last June, with its market value now trading below the worth of its Bitcoin reserves.

Funding, Bitcoin Volatility, and Corporate Fallout

In August 2025, Satsuma raised 164 million pounds ($221 million) via an oversubscribed convertible note backed by Pantera Capital, ParaFi, Kraken, and Digital Currency Group. At the time, Bitcoin later surged above $126,000 before falling nearly 50% to around $60,000, undermining corporate treasury strategies heavily tied to BTC exposure.

Satsuma confirmed it is reviewing shareholder requests for capital returns as leadership changes and market pressure continue to weigh on its valuation and strategy.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.