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Pantera Urges Satsuma to Dump Bitcoin Amid Stock Crash

Pantera Capital is urging Satsuma Technology (SATS), listed in London, to liquidate its remaining Bitcoin holdings and return cash to shareholders, according to a Bloomberg report on Thursday.
The DAT Opportunity Fund by Pantera, which holds a 6.70% stake in the company, is among the investors calling for a full liquidation of Satsuma's Bitcoin position, totaling around 50,000,000.00 USD (646 BTC). This pressure follows a massive drop in the company's stock price, which has plummeted about 99.00% from its peak of £14.00 last June.

BTC+0.16%

Skull TrADEr 07

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Pantera Urges Satsuma to Dump Bitcoin Amid Stock Crash

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