Satsuma Technology shareholders voted 90.6% in favor of liquidating the company, selling its 668 bitcoin holdings, and returning capital to investors after severe losses and a 99% drop in share price. The London-listed bitcoin treasury firm struggled as bitcoin prices fell and treasury stock discounts exposed risks, leading to a planned delisting by mid-September 2026. This liquidation highlights the risks of bitcoin treasury companies facing market downturns and may shift investor preference toward direct bitcoin ownership or ETFs. The sale of Satsuma's bitcoin is relatively small but signals broader challenges in the sector.
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