Satsuma Shareholders Force Bitcoin Sale Amid £39,984 Per Coin Loss

Saturna Technology Plc shareholders voted 90% to liquidate Bitcoin holdings and delist, realizing significant unrealized losses per coin.

Woofun AI reports that Satsuma Technology Plc shareholders approved a capital return and delisting with 90.63% and 90.59% of votes cast against the board's recommendation. The UK-listed entity will sell its Bitcoin treasury to distribute cash to shareholders. The average Bitcoin acquisition cost was £84,026, resulting in an unrealized loss of £39,984 per BTC as of June 30. Warrant holders must exercise by August 3 for their shares to participate in the distribution. Court confirmation is required, with listing cancellation expected on September 14 and payments due by September 28.