Gate News message, April 23 — Shareholders in Satsuma Technology Plc, a London-listed Bitcoin accumulator, are pushing the company to sell its remaining $50 million in Bitcoin and wind down operations. Pantera Capital Management, a prominent crypto venture capital fund, is among investors requesting the return of capital, according to sources familiar with the matter. Satsuma confirmed that some shareholders have requested a capital return without disclosing their identities.
The move represents a dramatic shift from the once-popular Bitcoin accumulation strategy, which has fallen significantly out of favor in recent market conditions.
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