Satsuma Technology sells all 669 BTC and returns £31.9M to shareholders as corporate Bitcoin experiment ends

Satsuma Technology PLC quietly became one of the more interesting Bitcoin treasury stories in the UK market when it launched its strategy in 2025. Less than a year later, it is also becoming one of the clearest examples of how quickly that story can end. The London Stock Exchange-listed company sold its entire holding of 669.4867 BTC between July 24 and July 31, 2026, generating £31.912 million from the sales. The average price achieved was £47,667 per Bitcoin. Trading in SATS shares has been suspended since July 1, and the company will distribute the proceeds to shareholders once court approvals are finalized. What happened, and how fast it happened The vote that sealed the company’s fate took place on July 20, 2026. More than 90% of shareholders backed both the capital return and a full delisting, a result that came despite opposition from a majority of the board. The High Court approved the capital reduction on September 8, 2026. Eligible shareholders are set to receive £0.002734 per Class B share, with payments expected to clear by September 28, 2026. The total distribution amounts to approximately £30.7 million. Satsuma’s trajectory was unusually compressed even by crypto-comp...