Shareholders of Satsuma Technology voted by more than 90% on Monday to sell the company’s remaining 668 BTC, worth approximately $43.5M, and to cancel its LSE delisting, ending a Bitcoin treasury experiment that lasted less than 12 months. Against the £163.6M raised in August 2025, shareholders now expect to recover between £26.8M and £30M after wind-down costs, less than 20 pence on the pound. The company, originally named TAO Alpha and focused on artificial intelligence, raised these funds through convertible notes led by ParaFi Capital, with participation from Pantera Capital, Digital Currency Group, and Kraken. Satsuma was the second-largest UK-listed Bitcoin treasury company by holdings at the time of the vote.
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