Bitcoin

Another Bitcoin Treasury Firm Is Shutting Down. What Satsuma’s Vote Means for Investors

Satsuma Technology shareholders voted overwhelmingly to liquidate the London-listed company, sell its remaining 668 bitcoin and return capital to investors after a treasury strategy unraveled under falling asset values, a collapsed share price, and mounting pressure from backers. A 90.6% Vote Ends the Experiment The July 21 vote drew 90.6% support for winding down Satsuma,…

Satsuma sharesSatsuma Technology shareholders voted overwhelmingly to liquidate the London-listed company, sell its remaining 668 bitcoin and return capital to investors after a treasury strategy unraveled under falling asset values, a collapsed share price, and mounting pressure from backers. A 90.6% Vote Ends the Experiment The July 21 vote drew 90.6% support for winding down Satsuma, […]

Source: https://news.bitcoin.com/another-bitcoin-treasury-firm-is-shutting-down-what-satsumas-vote-means-for-investors/