Pantera and other investors push Satsuma to sell $50 million in Bitcoin reserves

In comparison, investors such as Pantera Capital Management are pushing for British Bitcoin reserve company Satsuma to sell its $50 million worth of Bitcoin reserves.

Satsuma switched to an “AI-driven” Bitcoin reserve strategy in August 2025 and successfully raised £164 million (approximately US$221 million) through convertible loan notes, led by ParaFi Capital. Pantera, Digital Currency Group (DCG), Kraken, and Arrington Capital also participated in this financing. According to reports, Satsuma confirmed that some shareholders “requested capital return,” but did not disclose the specific shareholders' identities. Satsuma Executive Chairman Ranald McGregor-Smith said in an emailed statement that the company is exploring options to facilitate these requests while protecting the interests of all shareholders.

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