UK-listed Satsuma Technology Sells Nearly Half of Its Bitcoin Holdings to Repay Bonds

London Stock Exchange-listed Bitcoin technology company Satsuma Technology announced on the 11th that it sold 579 out of its 1,199 BTC holdings, generating approximately 40 million pounds (about 8.3 billion yen) in net proceeds.

Following the sale, the company retains 620 BTC and approximately 90 million pounds in cash. The company explained that the funds raised from the sale will be used to repay bondholders related to its uplisting on the Main Market of the London Stock Exchange.

In a statement, the company mentioned that when the prospectus related to the uplisting was published, it had not irrevocably committed to converting the convertible bonds held by...