Foresight News
Foresight News|4月 23, 2026 09:25
**[Pantera Capital Urges Bitcoin Treasury Firm Satsuma to Sell Bitcoin and Return Funds to Shareholders]** Foresight News reports, according to Bloomberg, that sources reveal cryptocurrency venture capital fund Pantera Capital Management is urging London-listed company Satsuma Technology Plc to sell its remaining $50 million worth of Bitcoin and return the funds to shareholders. Satsuma confirmed that some shareholders "have requested the return of funds," but did not disclose specific names. Satsuma Executive Chairman Ranald McGregor-Smith stated in an email to Bloomberg News: "We are exploring various options to meet these requests while protecting the interests of all shareholders." Pantera spokespersons did not respond to requests for comment. Satsuma announced last August that it had raised $221 million through convertible loan notes for its Bitcoin treasury strategy. According to Bitcointreasuries.net, Satsuma currently ranks 57th among Bitcoin treasury management companies, holding 646 Bitcoins on its balance sheet. Pantera operates a fund dedicated to investing in DAT, having invested over $300 million in the sector as of August 2025. Its portfolio includes BitMine, an Ethereum-focused firm under Tom Lee, and Twenty One Capital, the second-largest Bitcoin holder. According to Pantera's official website, the company holds approximately 7% of Satsuma's shares. Last December, Satsuma announced it had sold nearly half of its Bitcoin reserves to Statement, though Statement did not commit to converting them into common stock. Sources reveal that calls have been made for Satsuma to replace its management team, including the CEO and CFO. Satsuma issued a statement confirming that CEO Henry Elder and CFO Andrew Smith have resigned. Earlier this month, the company announced cost-cutting measures and disclosed the purchase of £1.4 million worth of Bitcoin.
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