TL;DR:
- Over 90% of votes cast supported the liquidation of reserves and the exit from the UK stock market.
- The company holds a total of 668 BTC, valued at approximately $43.5 million at the time of the announcement.
- The firm’s shares had accumulated a drop of more than 99% from their peak recorded in June 2025.
UK company Satsuma Technology announced the cancellation of its corporate reserve strategy following majority shareholder approval to liquidate its cryptocurrency assets. The resolution, communicated through an official report filed in July 2026, outlines the full sale of its treasury, the reimbursement of funds to investors, and the delisting of its shares from the London Stock Exchange.
The restructuring proposal arose at the direct request of the firm’s investors. Corporate information disclosed by the company indicates that four of the six board directors voted against the measure, defending the continuity of the listed vehicle, while the remaining two backed the return of share capital.
Currently, the company’s balance sheet registers 668 BTC, equivalent to around $43.5 million. Data from the Bitcoin Treasuries platform positions the entity as the second-largest public corporate holder of the cryptocurrency in British territory.
The firm’s corporate model experienced rapid deterioration over the course of the past year. After appointing analyst Mark Moss as chief strategist and raising £163.6 million through convertible bonds in 2025, the SATS share price tumbled drastically following market pullbacks from the asset’s all-time high of $126,000.
Adjustments in corporate treasury strategies
This past December, the company liquidated 579 BTC for £40 million in order to settle obligations with debt holders. Persistent stock depreciation prompted investment firms like Pantera Capital to exert pressure to execute the sale of the remaining funds.
This liquidation takes place within a broader context of digital reserve reassessments across the corporate sector. According to recent financial reports, other firms such as Empery Digital sold 1,400 BTC for more than $87 million to pay down debt and reorient their business model toward artificial intelligence processing centers.
On the other hand, analysts at banking institution TD Cowen adjusted their valuation metrics for The Smarter Web Company, the UK’s leading public treasury. The bank report reduced the stock’s price target by 36% due to the asset’s projections, although the firm retains custody of 2,878 BTC valued at over $191 million.
The formal completion of asset sales and the subsequent cancellation of Satsuma Technology’s listing on the London Stock Exchange will take place in the coming weeks according to the schedule agreed upon with regulatory authorities.
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