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

Odaily Planet Daily News: Investors including Pantera Capital Management are pushing UK Bitcoin reserve company Satsuma to sell its $50 million Bitcoin reserve. In August 2025, Satsuma shifted 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 that some shareholders have "requested 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 announcement that the company is exploring options to facilitate these requests while protecting the interests of all shareholders. (The Block)