Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
UK Bitcoin Company Satsuma Sells 5
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
UK Bitcoin Company Satsuma Sells 5
UK Bitcoin Company Satsuma Sells 579 of Its 1,199 Bitcoin for $53.2 Million
UK Bitcoin Company Satsuma Sells 579 of Its 1,199 Bitcoin for $53.2 Million
The company sells BTC to secure cash for upcoming loan note obligations ahead of its planned uplisting.
By James Van Straten|Edited by Jamie Crawley
Dec 11, 2025, 11:25 a.m.
Satsuma Technology, a U.K.-based bitcoin-focused technology company sold 579 BTC out of its holdings of 1,199 BTC (Ugur Akdemir/Unsplash, modified by CoinDesk)
What to know:
- Satsuma Technology, a U.K.-based bitcoin-focused technology company sold 579 BTC out of its holdings of 1,199 BTC,
- The sale generated approximately 40 million pounds ($53.2 million) in net proceeds.
- Following the sale, the company holds 620 BTC and around 90 million pounds in cash.
Satsuma Technology (SATS), a U.K.-based bitcoin-focused technology company sold 579 BTC out of its holdings of 1,199 BTC, generating approximately 40 million pounds ($53.2 million) in net proceeds, according to an announcement on Thursday.
Following the sale, the company holds 620 BTC and around 90 million pounds in cash.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
The transaction is intended to ensure sufficient liquidity to meet the 78 million pound-repayment obligation on its convertible loan notes due on Dec. 31 should certain holders choose not to convert their notes into equity during the planned uplisting.
Satsuma continues to progress toward admission to the Equity Shares Category of the Financial Conduct Authority (FCA) Official List and trading on the London Stock Exchange (LSE) Main Market. Completion of the uplisting remains dependent on FCA approval of its prospectus, so timing and certainty are not yet guaranteed ahead of Dec. 30.
Shares moved slightly higher to 1.05 pence after the announcement, while down nearly 30% over the past month.
Satsuma now ranks as the 61st largest publicly traded bitcoin holder following the sale.
Bitcoin NewsLondon Stock Exchange
More For You
Protocol Research: GoPlus Security
Commissioned byGoPlus
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report
More For You
Crypto Markets Today: Traders Seek Catalysts After Bitcoin’s Post-Fed Pullback
The crypto market slipped to the lower end of its range after the Federal Reserve’s 25bps rate cut failed to spark fresh momentum.
What to know:
- BTC is trading near $90,350 after defending the $88,200 support zone, but momentum remains capped below the key $94,500 resistance level.
- Implied volatility fell to its lowest since November, ETH/BTC IV spreads widened, and risk reversals stayed negative across tenors while open interest declined—most sharply in ADA.
- Low-liquidity conditions dragged tokens like ETHFI, FET, ADA and PUMP down more than 8%, while privacy-focused XMR stood out with gains as the broader altcoin season index slumped to 19/100.
Read full story
Latest Crypto News
Crypto Markets Today: Traders Seek Catalysts After Bitcoin’s Post-Fed Pullback
BTC, Nasdaq Futures Drop as Oracle Earnings Revive AI Bubble Fears
Gemini Approved by CFTC to Offer U.S. Prediction Markets, Stock Surges Nearly 14%
Ether, Dogecoin, Solana Slide as Bitcoin Fails to Sustain Early-Week Breakout
Crypto Drop Wipes Out $370M in Bullish Bets as BTC, ETH Give Back Gains
XRP Slides as Traders Take Bitcoin Profits, With ETF Flows Still Strong
Top Stories
U.S. Senate's Crypto Market Structure Bill Gets Messy as Calendar Weighs Down
Why is Bitcoin Trading Lower Today?
Ether, Dogecoin, Solana Slide as Bitcoin Fails to Sustain Early-Week Breakout
Bitcoin Swings Wildly as Fed's Powell Straddles Labor Market and Inflation Issues
Federal Reserve Cuts Rates 25 Basis Points, With Two Members Voting for Steady Policy
Crypto CEOs Join U.S. CFTC's Innovation Council to Steer Market Developments
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
The U.S. Department of Justice files civil forfeiture lawsuit for over $225 million in crypto fraud funds
PANews reported on June 18 that according to an official announcement, the U.S. Department of Justice filed a civil forfeiture lawsuit in the U.S. District Court for the District of
Share
PANews2025/06/18 23:59
Metaplanet Forms Bitcoin-Focused Subsidiaries in Japan and the U.S.
The post Metaplanet Forms Bitcoin-Focused Subsidiaries in Japan and the U.S. appeared on BitcoinEthereumNews.com. Metaplanet (3350), the largest bitcoin BTC$116,183.54 treasury company in Japan, said it established two subsidiaries — one in Japan and one in the U.S. — and bought the bitcoin.jp domain name as it strengthens its commitment to the largest cryptocurrency. Bitcoin Japan Inc., will be based in Tokyo and manage a suite of bitcoin-linked media, conferences and online platforms, including the internet domain and Bitcoin Magazine Japan. The U.S. unit, Metaplanet Income Corp., will be based in Miami and focus on generating income from bitcoin-related financial products, including derivatives, the company said in a post on X. Metaplanet noted it launched a bitcoin income generation business in the last quarter of 2024 and aims to further scale these operations through the new subsidiary. Both the wholly owned subsidiaries are led in part by Metaplanet CEO Simon Gerovich. Earlier this month, the firm brought its bitcoin holdings to over 20,000 BTC. It’s currently the world’s sixth-largest bitcoin treasury company, with 20,136 BTC in its balance sheet, according to BitcoinTreasuries data. The leading firm, Strategy (MSTR), has 638,985 BTC. The subsidiaries are being established shortly after the company announced plans to raise a net 204.1 billion yen ($1.4 billion) in an international share sale to bolster its BTC holdings. Metaplanet stock dropped 1.16% on Wednesday. Source: https://www.coindesk.com/business/2025/09/17/metaplanet-sets-up-u-s-japan-subsidiaries-buys-bitcoin-jp-domain-name
Share
BitcoinEthereumNews2025/09/18 06:12
Gold Price Hits Astounding New Record High
The post Gold Price Hits Astounding New Record High appeared on BitcoinEthereumNews.com. Unprecedented Surge: Gold Price Hits Astounding New Record High Skip to content Home Crypto News Unprecedented Surge: Gold Price Hits Astounding New Record High Source: https://bitcoinworld.co.in/gold-price-record-high/
Share
BitcoinEthereumNews2025/09/18 07:55