Last updated on May 12th, 2026 at 03:01 pm
A growing group of shareholders in Satsuma Technology Plc is calling for the firm to offload its Bitcoin reserves and return capital to investors, intensifying scrutiny on corporate crypto treasury strategies. According to Bloomberg, the request surfaced on April 23, with crypto-focused investment firm Pantera Capital, which holds roughly 7% of Satsuma, among those leading the charge.
At the centre of the debate is Satsuma’s remaining 646 BTC, currently valued at around $50 million. The demand reflects growing unease among investors who question whether holding volatile digital assets continues to serve shareholder interests.
Pantera among investors pushing bitcoin treasury firm Satsuma to sell $50 million hoard: Bloomberg
Pantera backs shareholder push for Satsuma to sell $50 million bitcoin hoard after 99% stock plunge, according to Bloomberg. pic.twitter.com/LETpYJegkA
— Review Trading (@ReviewTrading11) April 23, 2026
Company weighs options amid investor concerns
Satsuma has acknowledged receiving formal requests for a return of capital, confirming that discussions are ongoing. Executive Chairman Ranald McGregor-Smith stated that the company is reviewing potential responses while attempting to balance competing shareholder priorities.
He emphasized that no final decision has been made, showing a cautious approach as the firm evaluates whether to maintain its Bitcoin treasury or liquidate holdings.
Satsuma’s Bitcoin strategy dates back to August last year, when the company raised $220 million and adopted a crypto-focused treasury model. At the time, the move aligned it with a growing cohort of publicly listed firms experimenting with Bitcoin as a reserve asset.
Market downturn fuels pressure on treasury strategy
However, shifting market conditions have intensified the debate. Bitcoin has declined nearly 40% from its all-time high, while Satsuma’s stock has fallen more than 99% from its June peak. The steep drop has pushed the company’s market valuation below the value of its Bitcoin holdings, a dynamic that often triggers calls for asset liquidation.
Despite the attention, Satsuma remains a relatively small player in the corporate Bitcoin space. It currently ranks 57th among public companies holding Bitcoin, far behind industry leader Strategy, which holds over 815,000 BTC.
Enjoyed this piece? Bookmark DeFi Planet, explore related topics, and follow us on Twitter, LinkedIn, Facebook, Instagram, Threads, and Coin MarketCap Community for seamless access to high-quality industry insights.
“Take control of your crypto portfolio with DeFi Planet PRO, DeFi Planet’s suite of analytics tools.”
