British publicly listed technology company Satsuma Technology PLC has sold 579 of its 1,199 bitcoins in a major treasury move, generating approximately £40 million (about $53.2 million) in cash to support its ongoing financial obligations and growth strategy.

Why Satsuma Sold So Much Bitcoin

The sale comes as part of Satsuma’s plan to manage upcoming convertible loan note obligations, including potentially £78 million due by the end of December 2025. Converting or settling these convertible notes—if holders don’t convert them into shares—is a priority for the company as it works toward full admission to the Equity Shares (Commercial Companies) segment of the UK Financial Conduct Authority’s Official List and eventual trading on the main London Stock Exchange market.

After completing this sale, Satsuma retains 620 BTC and has roughly £90 million in cash on hand to bolster operations and ensure financial flexibility. These actions reflect a balancing act between holding bitcoin as a strategic asset and maintaining liquidity for corporate obligations.

Share Price Reaction and Market Context

Following the BTC sale announcement, Satsuma’s share price saw a moderate uptick to around 1.05 pence, though the stock has experienced volatility in recent months, including a decline of nearly 30% over the past month. This reflects broader market sentiment and investor caution despite strong strategic moves in the company’s treasury strategy.

Satsuma’s Path in the Bitcoin Treasury Landscape

Satsuma Technology, formerly known as TAO Alpha PLC, has built a reputation as an ambitious player combining Bitcoin treasury strategy with decentralized AI infrastructure development. The company previously completed an oversubscribed £163.6 million funding round, a significant portion of which was settled in bitcoin, demonstrating institutional confidence in its vision.

At one point, Satsuma’s treasury holdings were reported at over 1,150 BTC, positioning it among the largest publicly traded corporate bitcoin holders in the UK. While other UK companies such as The Smarter Web Company hold even larger BTC treasuries, Satsuma’s approach of pairing BTC holdings with AI-led initiatives sets it apart in the growing corporate bitcoin adoption landscape.

What’s Next for Satsuma

Satsuma continues to pursue its uplisting on the London Stock Exchange, contingent on FCA prospectus approval. If successful, this move could broaden institutional interest and increase liquidity in the company’s stock. The leadership team has emphasized building robust governance and operational foundations to support both its bitcoin treasury strategy and decentralized AI ambitions.

Meanwhile, the decision to sell part of its bitcoin reserve highlights the delicate balance corporate bitcoin holders must manage between strategic asset accumulation and day‑to‑day liquidity requirements. Investors and market watchers will be closely tracking how Satsuma reinvests its cash and how its remaining bitcoin holdings perform amid ongoing market volatility.


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