U.K. bitcoin treasury company Satsuma selling all BTC and shutting down
Shareholders of U.K.-based bitcoin treasury company Satsuma have overwhelmingly voted to sell its remaining 668 BTC, return capital, and shut down.
The company is little-known and its holdings are tiny, but its Chief Bitcoin Strategist, Mark Moss, is a familiar name in crypto circles.
Bulls will surely see this as yet another step in the bottoming process for the bitcoin price.
If 2025’s crop of hastily formed digital asset treasury companies was a topping sign, then 2026’s growing group of DATs abandoning those strategies might be just the opposite.
Satsuma now joins Adam Back’s Bitcoin Standard (which couldn’t win shareholder approval for its SPAC merger) and Empery Digital (selling its bitcoin to go into the data center business), among others.
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