UK Bitcoin Company Satsuma Sells 579 of Its 1,199 Bitcoin for $53.2 Million

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email 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 By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . 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 News London Stock Exchange More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus 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 BTC, Nasdaq Futures Drop as Oracle Earnings Revive AI Bubble Fears By James Van Straten | Edited by Omkar Godbole 1 hour ago Oracle shares tanked after the firm revealed an earnings miss. What to know : Bitcoin slipped below $90,000 as traders treated the Fed’s rate cut as a sell the news event, unwinding optimism that had been priced in ahead of the decision. Oracle shares fall 12% on earnings and capex guidance, yet credit market signals suggest a repricing of risk rather than distress. Read full story Latest Crypto News BTC, Nasdaq Futures Drop as Oracle Earnings Revive AI Bubble Fears 1 hour ago Gemini Approved by CFTC to Offer U.S. Prediction Markets, Stock Surges Nearly 14% 3 hours ago Ether, Dogecoin, Solana Slide as Bitcoin Fails to Sustain Early-Week Breakout 4 hours ago Crypto Drop Wipes Out $370M in Bullish Bets as BTC, ETH Give Back Gains 5 hours ago XRP Slides as Traders Take Bitcoin Profits, With ETF Flows Still Strong 6 hours ago Why is Bitcoin Trading Lower Today? 6 hours ago Top Stories U.S. Senate's Crypto Market Structure Bill Gets Messy as Calendar Weighs Down 7 hours ago Why is Bitcoin Trading Lower Today? 6 hours ago Ether, Dogecoin, Solana Slide as Bitcoin Fails to Sustain Early-Week Breakout 4 hours ago Bitcoin Swings Wildly as Fed's Powell Straddles Labor Market and Inflation Issues 14 hours ago Federal Reserve Cuts Rates 25 Basis Points, With Two Members Voting for Steady Policy 16 hours ago Crypto CEOs Join U.S. CFTC's Innovation Council to Steer Market Developments 13 hours ago