Satsuma’s Bitcoin Treasury Collapses, Exiting Shareholders 18p on the Pound
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In Bitcoin news today, Satsuma Technology raised £163.6M in August 2025 to build a Bitcoin treasury on the London Stock Exchange, and is now expected to return between £26.8M and £30M to shareholders after wind-down costs.
Key facts
This Bitcoin Treasury collapse out of the UK comes as BTC USD is trading at $65,800, down -0.4% over the past 24-hours after briefly reclaiming $66,000
In August 2025, it raised £163.6 million ($218M) through convertible notes, with ParaFi Capital leading the round
The shareholders overruled the board majority by a wide margin: more than 90% of the votes cast backed two resolutions to sell the remaining 668 BTC, worth roughly $43.5M at the time, and to cancel
In Bitcoin news today, Satsuma Technology raised £163.6M in August 2025 to build a Bitcoin treasury on the London Stock Exchange, and is now expected to return between £26.8M and £30M to shareholders
Summary
The Fire Sale, the Departures, and the Activist Push. Bitcoin Treasury News: Who Gets Paid, and How Little. What Comes Next for U.K. Bitcoin Treasuries. Satsuma’s collapse is not simply a case of bad timing on a Bitcoin bet.