By Isaac • July 22, 2026 3:22 pm •
Satsuma’s board told shareholders to keep the Bitcoin strategy alive.
Shareholders answered with a vote that was not remotely close.
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More than 90% backed a return of capital. More than 90% also backed the cancellation of the company’s London listing.
The result gives Satsuma authority to prepare the sale of its Bitcoin and unwind the listed treasury vehicle that management had argued was worth preserving.
It does not mean the 668 Bitcoin have already been sold.
That distinction is essential because the final cash return will depend heavily on the price obtained, the pound-dollar exchange rate, warrant exercises, termination costs and approval of the capital reduction by the UK High Court.
But the governance verdict is
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