The post Satsuma Technology, a UK-based publicly traded company, has announced it has sold Bitcoin (BTC)! Here are the details. appeared on BitcoinEthereumNews.The post Satsuma Technology, a UK-based publicly traded company, has announced it has sold Bitcoin (BTC)! Here are the details. appeared on BitcoinEthereumNews.

Satsuma Technology, a UK-based publicly traded company, has announced it has sold Bitcoin (BTC)! Here are the details.

2025/12/12 15:18

Satsuma Technology (formerly Tao Alpha PLC), a UK-based publicly traded company, has recently significantly reduced its total assets by selling a substantial amount of Bitcoin.

UK-based Satsuma Technology has significantly reduced its Bitcoin holdings.

In its latest announcement, the company stated that it sold 579 Bitcoins, reducing its current BTC reserve to 620.

Satsuma Technology’s move comes at a time when institutional investors are repositioning themselves in their crypto asset strategies.

Increased market volatility, regulatory uncertainties, and some companies adopting a more cautious approach to balance sheet management are cited as possible reasons behind such sell-offs. Analysts note that the fluctuations in the cryptocurrency markets, particularly throughout 2025, are affecting companies’ risk management policies.

While the company has not released an official statement explaining why it made such a large sale, market experts believe it could be a step taken as part of portfolio balancing, strengthening cash flow, or strategic restructuring. The sale of 579 BTC represents a transaction worth millions of dollars at today’s market prices.

Satsuma Technology’s current holdings of 620 BTC continue to attract attention, and expectations regarding how institutional investors will shape their positions in the cryptocurrency markets are being closely watched. This development is thought to potentially lead other publicly traded companies to make similar decisions.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

Source: https://en.bitcoinsistemi.com/satsuma-technology-a-uk-based-publicly-traded-company-has-announced-it-has-sold-bitcoin-btc-here-are-the-details/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

The post U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam appeared on BitcoinEthereumNews.com. Crime 18 September 2025 | 04:05 A Colorado judge has brought closure to one of the state’s most unusual cryptocurrency scandals, declaring INDXcoin to be a fraudulent operation and ordering its founders, Denver pastor Eli Regalado and his wife Kaitlyn, to repay $3.34 million. The ruling, issued by District Court Judge Heidi L. Kutcher, came nearly two years after the couple persuaded hundreds of people to invest in their token, promising safety and abundance through a Christian-branded platform called the Kingdom Wealth Exchange. The scheme ran between June 2022 and April 2023 and drew in more than 300 participants, many of them members of local church networks. Marketing materials portrayed INDXcoin as a low-risk gateway to prosperity, yet the project unraveled almost immediately. The exchange itself collapsed within 24 hours of launch, wiping out investors’ money. Despite this failure—and despite an auditor’s damning review that gave the system a “0 out of 10” for security—the Regalados kept presenting it as a solid opportunity. Colorado regulators argued that the couple’s faith-based appeal was central to the fraud. Securities Commissioner Tung Chan said the Regalados “dressed an old scam in new technology” and used their standing within the Christian community to convince people who had little knowledge of crypto. For him, the case illustrates how modern digital assets can be exploited to replicate classic Ponzi-style tactics under a different name. Court filings revealed where much of the money ended up: luxury goods, vacations, jewelry, a Range Rover, high-end clothing, and even dental procedures. In a video that drew worldwide attention earlier this year, Eli Regalado admitted the funds had been spent, explaining that a portion went to taxes while the remainder was used for a home renovation he claimed was divinely inspired. The judgment not only confirms that INDXcoin qualifies as a…
Share
BitcoinEthereumNews2025/09/18 09:14