Pantera and other investors push Satsuma to sell $50 million in Bitcoin reserves

Odaily Planet Daily reported that investors including Pantera Capital Management are pushing British Bitcoin reserve company Satsuma to sell its $50 million Bitcoin reserve. In August 2025, Satsuma shifted to an "AI-driven" Bitcoin reserve strategy and successfully raised £164 million (approximately $221 million) through convertible loan notes, led by ParaFi Capital, with participation from Pantera, Digital Currency Group (DCG), Kraken, Arrington Capital, and others in the financing.

It is reported that Satsuma confirmed that some shareholders are "requesting a return of capital," but did not disclose the specific identities of the shareholders. Satsuma's Executive Chairman Ranald McGregor-Smith stated in an email statement that the company is exploring options to facilitate these requests while protecting the interests of all shareholders. (The Block)