Pantera and Other Investors Push Satsuma to Sell $50 Million Bitcoin Reserve

Odaily星球日报讯 Pantera Capital Management and other investors are pushing UK Bitcoin reserve company Satsuma to sell its $50 million Bitcoin reserve. In August 2025, Satsuma pivoted to an "AI-driven" Bitcoin reserve strategy, successfully raising £164 million (approximately $221 million) through convertible loan notes. The round was led by ParaFi Capital, with participation from Pantera, Digital Currency Group (DCG), Kraken, Arrington Capital, and others.

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