TLDRPantera Capital has urged Satsuma to sell its remaining 646 BTC valued at about $50 million.The DAT Opportunity Fund holds around 6.7% of Satsuma and supports a full Bitcoin exit.Satsuma’s shares have fallen 98% from their £14 peak last June.The company previously sold 579 BTC in December to raise nearly £40 million.Satsuma raised £164 million in August 2025 through an oversubscribed convertible note.Pantera Capital has urged London-listed Satsuma Technology Plc to sell its remaining Bitcoin holdings and return capital to shareholders. The request targets about 646 BTC valued at nearly $50 million. The move follows a sharp 98% drop in Satsuma’s share price from its £14 peak last June.Satsuma Faces Investor Pressure Over Bitcoin PositionPantera’s DAT Opportunity Fund holds about 6.7% of Satsuma, according to Bloomberg. The fund has joined other investors seeking a full exit from the company’s Bitcoin exposure. Bloomberg reported that investors want Satsuma to distribute proceeds from any sale to shareholders.Satsuma confirmed it received requests for capital returns but did not name the investors involved. Executive Chairman Ranald McGregor-Smith said the company is reviewing options carefully. He said the firm will respond while considering the interests of all shareholders.The company had raised £164 million through an oversubscribed convertible note in August 2025. Kraken, Pantera Capital, Borderless Capital, and Digital Currency Group backed the fundraising round. However, the share price later declined sharply as Bitcoin prices fluctuated.In December, Satsuma sold 579 BTC to raise about £40 million. At that time, the sale represented nearly half of its holdings. The company retained roughly 646 BTC after that transaction.Bitcoin traded above $126,000 last October before falling to $60,000 by early February. The price swing coincided with weaker confidence in Bitcoin-heavy treasury strategies. Satsuma also recorded leadership changes during that period.A director left the board in February, and CEO Henry Elder resigned in March. The company has not announced a permanent replacement for the chief executive role. It continues to assess strategic options regarding its Bitcoin assets.Market Warnings on Corporate BTC StrategiesMarket participants have raised concerns about aggressive Bitcoin exposure among public companies. Investor Michael Burry warned earlier this year about potential downside risks tied to falling BTC prices. He said a break below key technical levels could trigger broader financial stress.Burry stated that further declines could affect companies that accumulated BTC at higher prices. He added that a 10% additional drop could leave large holders with billions in unrealized losses. He said such losses could restrict access to capital markets and raise bankruptcy risks.Zac Prince of Galaxy Digital also questioned the sustainability of Bitcoin treasury models. He said these strategies depend on complex financial structures. He added that companies may struggle to justify valuations without stronger operating businesses.Satsuma’s situation reflects those concerns as shareholders debate the company’s crypto strategy. Pantera’s fund has pressed for a clear path toward liquidity. The company has yet to announce a final decision on its remaining 646 BTC holdings.The post Pantera Urges Satsuma to Sell $50M Bitcoin Holdings appeared first on Blockonomi.