The DAT collapse: Pantera wants Satsuma to dump its bitcoin as shares crash 99%
CoinDesk·2h ago·Neutral
What Happened
Pantera Capital urges London-listed Satsuma Technology to liquidate its $50 million bitcoin holdings and return cash to shareholders. Satsuma's shares have crashed ninety-nine percent since peaking last June. The cryptocurrency investment firm owns 6.7% of Satsuma, which holds 646 BTC. Leadership turmoil and bitcoin's volatility have eroded investor confidence in corporate treasury strategies.
Key Entities
Pantera CapitalSatsuma TechnologyBitcoinDAT Opportunity FundRanald McGregor-SmithLondon Stock Exchange