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

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News 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 Bitcoin position, which is around 646 BTC. According to the latest report by Bloomberg, the pressure comes as Satsuma’s stock has dropped 98% from its peak of £14 last June.

Source: https://cryptopotato.com/pantera-capital-pushes-satsuma-to-liquidate-50m-bitcoin-holdings-report/