“We are exploring options to facilitate these requests while protecting the interests of all shareholders,” Satsuma executive chairman Ranald McGregor-Smith said in an emailed statement to Bloomberg News. A Pantera spokesperson didn’t respond to a request for comment.
(April 23): Shareholders in a UK Bitcoin accumulator are pushing it to sell all its tokens and wind down operations, one of the most dramatic examples of how the once-hot trade has fallen out of favour.
Pantera Capital Management, one of the most prolific crypto venture capital funds, is among investors pushing London-listed Satsuma Technology Plc to divest its remaining US$50 million of Bitcoin and return capital to shareholders, according to people familiar with the matter. Satsuma confirmed that some shareholders “have requested a return of capital,” without naming them.
