Pantera Capital Pushes Satsuma to Liquidate $50M Bitcoin Holdings: Report

Pantera Capital and different buyers stress Satsuma to dump $50M Bitcoin as inventory collapses over 98%.

Digital assets-focused enterprise fund, Pantera Capital, is pushing London-listed Satsuma Expertise Plc to promote its remaining Bitcoin (BTC) holdings and return the proceeds to shareholders, in what seems to be a shift in sentiment round a technique that had beforehand attracted robust backing.

Pantera’s DAT Alternative Fund, which holds about 6.7% of the corporate, is amongst buyers advocating a full exit from Satsuma’s roughly $50 million Bitcoin place, which is round 646 BTC.

Investor Strain Mounts

In response to the most recent report by Bloomberg, the stress comes as Satsuma’s inventory has dropped 98% from its peak of £14 final June. The corporate confirmed it has acquired requests for capital returns to Bloomberg, although it didn’t title the buyers concerned.

Government Chairman Ranald McGregor-Smith mentioned the agency is assessing choices to reply whereas contemplating the pursuits of all shareholders. The corporate had earlier raised £164 million via an oversubscribed convertible be aware in August 2025, backed by main crypto buyers together with Kraken, Pantera Capital, Borderless Capital, and Digital Forex Group.

In December, it bought 579 BTC, which then accounted for practically half of its holdings, to boost about £40 million. Market circumstances have additionally undergone an incredible transformation. For example, Bitcoin rose above $126,000 final October earlier than falling to $60,000 by early February, amid weakening confidence in Bitcoin-heavy treasury methods. Satsuma, then again, went via management modifications, together with a director’s exit in February and CEO Henry Elder’s resignation in March.

The developments at Satsuma come amid repeated warnings from market consultants concerning the draw back dangers of aggressive BTC publicity for corporates.

BTC Treasuries Face Rising Strain

Earlier this yr, investor Michael Burry warned that BTC’s decline might set off broader losses, and the most important dangers are tied to corporations that constructed massive company treasuries across the asset. Burry had then explained that Bitcoin falling under essential technical ranges might result in cascading stress not solely inside crypto markets but additionally throughout associated monetary sectors.

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He additionally mentioned additional draw back might have critical implications for corporations that accrued BTC at increased costs and added that an extra 10% drop might depart main holders, together with companies like Technique, dealing with billions in unrealized losses and doubtlessly limiting their entry to capital markets, rising chapter dangers.

Zac Prince of Galaxy Digital had additionally questioned the sustainability of BTC treasury fashions, saying they rely upon advanced monetary constructions and will wrestle to justify valuations with out stronger enterprise operations.