Satsuma Clears Final Legal Hurdle for £30.7 Million Bitcoin Pay-out

The capital return follows a volatile period for the London-listed firm, which sold its entire holding of 669.4867 BTC between July 24 and July 31. The sale generated £31.9 million at an average price of £47,667 per coin. After accounting for £2.6 million in termination costs and retaining £2 million for working capital, the board finalized the payout at £0.002734 per B share.

This distribution serves as the final act of a liquidation strategy mandated by investors earlier this year. In July, over 90% of shareholders voted to dissolve the company's Bitcoin-centric model, ending a period of intense pressure from major backers including Pantera Capital. Investors had grown frustrated as the company’s share price plummeted, trading significantly below the net value of its underlying digital assets.

Satsuma’s retreat marks a sharp reversal from its 2025 launch, when it raised £163.6 million—partly in Bitcoin—to establish itself as a prominent treasury company. With the court order now secured, eligible investors can expect their payments via check, bank transfer, or CREST settlement by September 28. The company’s London listing was slated for formal cancellation on September 14, finalizing the transition from a tech-focused treasury back to a liquidated entity.