DAT Went Wrong: Satsuma to Unwind Bitcoin Treasury, Sell Off $43 Million in BTC
DECRYPT ·
Shareholders voted by more than 90% to sell the company's 668 BTC, return capital, and cancel its London Stock Exchange listing This marks the end of a Bitcoin treasury experiment in under twelve months. Satsuma raised £163.6 million in August 2025 but expects to return only £26.8 to £30 million after wind-down costs. The shareholders of Satsuma Technology, a U.K.-based Bitcoin treasury company, have voted to liquidate the company's entire Bitcoin position and shut down the business, overruling four of its six board members. More than 90% of votes cast backed the dual resolutions to sell 668 BTC—worth roughly $43.5 million—and cancel the company's London Stock Exchange listing, per a Monday filing . The move unwinds the digital asset treasury, or DAT for short—the latest such company to call it a day after the DAT trend picked up steam in 2025.
AI 시장 분석
Satsuma has announced the liquidation of its $43 million Bitcoin treasury and plans to sell BTC. This is likely to act as short-term market selling pressure during the monetization of corporate-held assets. Investors should remain cautious of price volatility stemming from the large-scale supply release.
하락 영향
- Bitcoin — There is a high risk that Satsuma's $43 million BTC sale will exacerbate short-term oversupply and market selling pressure.
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