Satsuma Technology, once a poster child for the corporate Bitcoin treasury movement in the UK, is calling it quits. Shareholders voted to sell the company’s remaining 668 BTC, valued at roughly $44.5 million, return the capital, and shut the whole thing down.
It’s a remarkably clean ending for a company that raised $217.6 million less than a year ago.
From $218 million to zero: what happened
Satsuma Technology PLC was a London-listed company that built its identity around two things: holding Bitcoin as a treasury asset and developing decentralized AI. At its peak, Satsuma held 1,199 BTC. The company raised £163.6 million ($217.6 million) in an August 2025 convertible note round led by ParaFi, with participation from Pantera Capital and Kraken.
SATS shares hit 14 pounds ($18.90) in June 2025. By December 2025, the company had already started trimming. Satsuma sold 579 BTC for approximately £40 million ($53.2 million), chopping its holdings nearly in half. By the time shareholders gathered to vote on liquidation, SATS had lost 99% of its value from that June 2025 peak.
