Urgent Call for Capital Return: Pantera Pushes Satsuma to Liquidate Bitcoin Holdings
Investors are making a strong push for capital return as Satsuma Technology PLC faces significant pressure following a dramatic downturn in its share price. Pantera Capital, a prominent digital asset investment manager, is reportedly urging the London-listed firm to liquidate its substantial Bitcoin treasury, estimated at $50 million, and distribute the proceeds back to its shareholders.
Key Takeaways
- Pantera Capital, holding a 6.7% stake, is advocating for Satsuma Technology PLC to sell its $50 million Bitcoin treasury.
- The request stems from a severe decline in Satsuma’s share price, which has dropped 99% from its peak in July 2025.
- Satsuma’s Executive Chair confirmed shareholder requests for capital return and stated the company is evaluating options.
- The situation highlights the volatility and risks associated with companies holding significant digital asset treasuries.
According to reports from Bloomberg, Pantera Capital’s DAT Opportunity Fund is at the forefront of this appeal. Satsuma Technology PLC, a company whose narrative was once tied to the boom of digital asset treasuries, has seen its market value evaporate. The firm’s share price has plummeted by a staggering 99% since reaching its zenith at £13.90 in July 2025, a period when similar company valuations were at their highest.
Ranald McGregor-Smith, the Executive Chair of Satsuma, has acknowledged the sentiment, confirming that some shareholders have indeed expressed a desire for capital repatriation. He indicated that the company is actively reviewing various strategies to address these demands while carefully considering the interests of all its stakeholders. This situation underscores the inherent risks and the evolving landscape for companies that have chosen to maintain significant portions of their assets in digital currencies like Bitcoin.
Pantera Urges LSE-listed Bitcoin Treasury Company Satsuma to Sell $50 Million in Bitcoin. According to Bloomberg, sources revealed that crypto venture fund Pantera Capital is urging London-listed Satsuma Technology Plc to sell its remaining $50 million worth of Bitcoin and return… pic.twitter.com/bRWal9e2ab — Wu Blockchain (@WuBlockchain) April 23, 2026
Information compiled from materials : www.bankless.com