Satsuma Technology PLC has sold its entire Bitcoin reserve of about 669 BTC, and court approval now clears the way for a shareholder cash return of roughly £30.72 million. In plain terms, a London-listed company cashed out all its Bitcoin and plans to hand the money back to the people who own its shares.
Here is what the company’s own filings establish, and what still rests on a single news report. Approval, legal effectiveness and actual payment are separate steps. We keep them separate below. For related coverage, see Blockstream Rejects Bounty Demand After 3,400 BTC Return.
- Satsuma sold its entire 669 BTC reserve.
- Court approval clears the way for a shareholder cash return.
- The stated cash return totals £30.72 million.
Satsuma sells its entire 669 BTC reserve
Satsuma did not trim its Bitcoin holdings. It sold all of them. The company confirmed the disposal of its full reserve in a regulatory announcement dated 4 August 2026. For related coverage, see CLARITY Act Faces September 15 Senate Cloture Vote.
The exact amount was 669.4867 BTC, sold between 24 and 31 July 2026 for total proceeds of £31,912,395. The volume-weighted average price, after disposal costs, worked out to £47,667 per Bitcoin. For related coverage, see Thailand SEC Proposes $151,000 Daily Stablecoin Transfer Cap.
Entire Bitcoin reserve sold
669.4867 BTC
That realised price reflects last summer’s market, not today’s. For context, Bitcoin traded near $76,731 at the time of writing, and broader crypto sentiment sat at 61 on the Greed side of the Fear & Greed Index.
Keep two numbers apart here. The 669 BTC is the amount of Bitcoin sold. The £30.72 million discussed below is a separate cash figure returned to shareholders. Shareholders had earlier voted to approve the sale and delisting, setting up the events described here.
Court approval clears the way for the cash return
Selling the Bitcoin was step one. Returning the money to shareholders required a legal process and a court sign-off.
According to unconfirmed reports, the High Court approved the plan on 8 September 2026, as reported by CryptoSlate. Satsuma’s own 4 August timetable had expected that court hearing on that date, so the report lines up with the company’s schedule.
Court approval clears the way for payment. It does not, by itself, prove the money has landed. The available filings do not confirm that the plan is legally effective, that the listing has been cancelled, or that any shareholder has been paid.
This is a company-specific legal process, not a new Bitcoin rule. It differs from broader policy moves such as the EU’s crypto wallet reporting requirements that affect the market as a whole.
What the £30.72 million return means for shareholders
The cash return is aimed at Satsuma’s own shareholders, not at Bitcoin holders generally. Owning some BTC on an exchange gives you no claim on this money.
The 4 August announcement proposed an aggregate return of £30,718,881.43, equal to £0.002734 per B Share. At that date the return was still conditional on court approval.
Proposed shareholder cash return
£30,718,881.43
To fund and structure this, Satsuma issued 11,235,874,700 B Shares. That count matched the ordinary shares in issue at the record time of 6.00 p.m. on 3 August 2026. Think of a B Share as a temporary ticket created purely to route cash back to holders.
Eligibility has a hard cut-off. Ordinary shares created from warrant exercises after that record time carry no B Shares and no repayment. Shares were also marked ex-entitlement from 8.00 a.m. on 4 August 2026.
The money was available. Cash at bank at the record time, including subsidiary cash, stood at £35,324,953. Satsuma set aside £2,600,000 for transaction and termination costs and kept £2,000,000 for working capital.
Timing and method matter for anyone eligible. The company asked shareholders wanting electronic payment to register a bank mandate by 14 September 2026 through the registrar’s investorcentre.co.uk portal. Payments default to pounds sterling, with an optional facility to receive local currency.
The August timetable expected eligible shareholders to receive cheques, bank credits or CREST credits on or before 28 September 2026, and expected the listing to be cancelled on 14 September 2026, both subject to court approval. Treat these as announced expectations, not confirmed events.
The practical takeaway is simple. If you hold Satsuma shares, check your registrar details and the eligibility dates above. If you simply hold Bitcoin, this is a company story to watch, not a payout you can claim.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
