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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 company, according to Bloomberg reports.
The pressure follows a sharp decline in both Bitcoin and Satsuma’s equity. Shares have fallen more than 99% from their peak in June 2025, when the stock traded near 14 pounds. The stock was…
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