Pantera Capital urges Satsuma to liquidate Bitcoin and return capital to shareholders

By: rootdata|2026/04/23 09:42:02

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According to Bloomberg, the cryptocurrency venture capital fund Pantera Capital Management is urging the London-listed company Satsuma Technology Plc to sell its remaining approximately $50 million in btc-42">Bitcoin and return the funds to shareholders.

Satsuma has confirmed that some shareholders have requested a return of funds, and the company is evaluating related proposals. Additionally, sources revealed that the shareholders are also demanding a change in management; currently, Satsuma's CEO Henry Elder and CFO Andrew Smith have resigned. Earlier this month, the company announced it would cut costs and disclosed the purchase of Bitcoin worth £1.4 million.

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