Markets
Ah, the dance of numbers, the waltz of wealth! 🕺 Satsuma Technology, that U.K. darling of the digital coin, has parted with 579 of its 1,199 Bitcoin treasures. A mere 40 million pounds ($53.2 million) has fluttered into its coffers, like autumn leaves carried by the wind. 🍂
What remains? A modest hoard of 620 BTC and a plump 90 million pounds in cash, sitting pretty in the company’s vault. But why, oh why, this sudden divestment? To settle debts, they say-a convertible loan note of 78 million pounds due by year’s end. 🧾 A prudent move, or a desperate gamble? Only the ledger knows.
Meanwhile, Satsuma strides toward the grand stage of the London Stock Exchange, its prospectus in hand, awaiting the nod of the Financial Conduct Authority. Will it uplist before the clock strikes midnight on December 30? Time, that fickle mistress, holds the answer. ⏳
Shares, those fickle creatures, fluttered upward to 1.05 pence post-announcement, yet they’ve tumbled nearly 30% in the past month. A rollercoaster ride, indeed! 🎢 And now, Satsuma stands as the 61st largest publicly traded Bitcoin holder-a crown both modest and heavy.
Oh, the irony! A company built on the promise of decentralized wealth, now dancing to the tune of traditional markets. 🪙 Is this the future of finance, or a mere detour on the road to revolution? Only the cryptosphere knows-and it’s not telling. 🤐
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2025-12-11 15:20