The DAT collapse: Pantera wants Satsuma (SATS) to dump its bitcoin as shares crash 99%

The DAT collapse: Pantera wants Satsuma (SATS) to dump its bitcoin as shares crash 99%

Pantera Capital is urging London-listed Satsuma Technology to liquidate its remaining bitcoin holdings and return cash to shareholders.

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

Digital assets-focused venture fund, Pantera Capital, is pushing London-listed Satsuma Technology Plc to sell its remaining Bitcoin (BTC) holdings and return the proceeds to shareholders, in what appears to be a shift in sentiment around a strategy that had previously attracted strong backing. Pantera’s DAT Opportunity Fund, which holds about 6.7% of the company, is among investors advocating a full exit from Satsuma’s roughly $50 million Bitcoi…

Satsuma faces Empery-style inside pressure to abandon BTC treasury strategy

Satsuma Technology is under pressure from its investors, including Pantera Capital, to liquidate its Bitcoin treasury to reimburse shareholders.  The internal pressure is reminiscent of how Empery Digital was also pressured to sell its Bitcoin to buy back its shares, abandoning the market playbook popularized by Michael Saylor’s Strategy, which continues to accumulate Bitcoin for its digital asset treasury (DAT).   Why are shareholders forcing S…

Pantera Capital Urges Satsuma To Dump All Bitcoin As Shares Collapse 99%

Pantera Capital is urging Satsuma Technology to liquidate its remaining bitcoin holdings and return capital to shareholders after a steep collapse in the company’s share price. The crypto investment firm, led by Dan Morehead, is among a group of investors pushing for a full wind-down of Satsuma’s bitcoin position, which totals about 646 BTC, valued near $50 million at current prices. Pantera’s DAT Opportunity Fund holds roughly 6% to 7% of the c…

Bitcoin Treasury Model Weakens as Pantera Targets Satsuma Holdings

Bitcoin is at the center of a growing dispute at Satsuma Technology Plc as investor pressure intensifies on April 23, 2026. Pantera Capital, which holds roughly a 7% stake, is pushing the London-listed firm to sell its remaining $50 million in Bitcoin. The proposal also includes returning proceeds directly to shareholders. Sources familiar with the matter indicate that this move reflects growing dissatisfaction with the company’s current directi…

Pantera Capital Demands $50M Bitcoin Liquidation from Struggling Satsuma

Key Highlights Major investor demands Satsuma liquidate $50M worth of Bitcoin reserves Pantera Capital leads aggressive campaign for rapid capital distribution Company deliberates BTC liquidation following 99% equity value collapse Cryptocurrency market turbulence undermines Bitcoin-first treasury approach Management evaluates strategic alternatives under intense stakeholder scrutiny Satsuma confronts escalating demands from Pantera Capital to …