Satsuma Technology's Bitcoin Treasury Collapse Results in Shareholder Losses
UK-based Satsuma Technology, which raised £163.6 million for a Bitcoin treasury in August 2025, is expected to return between £26.8M and £30M to shareholders after wind-down costs, representing an approximate loss of 18p on the pound at the lower end. The collapse highlights risks associated with funding volatile assets through fixed-obligation debt.
Topics: Bitcoin digital asset treasury shareholder loss treasury collapse