Pantera Leads Call for Satsuma to Sell Off Its $50 Million Bitcoin Holding

Investors are calling on London-listed Satsuma Technology to divest its remaining Bitcoin holdings as the company's stock continues to plummet.

Satsuma had raised £164 million in August 2025 through a convertible loan note, with roughly $125 million settled directly in Bitcoin. However, the timing of this investment proved unfortunate, coinciding with a sharp decline in Bitcoin's value.

The company's market capitalization has dropped below the value of its Bitcoin holdings, signaling a failed experiment in corporate crypto accumulation. Pantera Capital, one of the most active investors in the digital-asset treasury space, is among those pressuring Satsuma to unwind its Bitcoin position.