Satsuma Technology

Satsuma Technology PLC

Treasury Qualification

Treasury classificationFormer Bitcoin Treasury / Pending Liquidation

Qualification tierWatchlist

Directory statusNeeds review

Ownership statusCompany-owned Bitcoin held as Satsuma Technology's corporate treasury reserve. The company reported 668.48 BTC as of May 31, 2026 and stated that it had no debt or other material liabilities. No pledged, borrowed, loaned, customer-owned, or otherwise restricted Bitcoin was identified in the latest fact pack.

Strategic intent

Shareholders approved the proposed return of capital and cancellation of listing; the board approved immediate action to prepare to close trading activities and sell the company's Bitcoin.

Bitcoin Treasury

BTC counted in directory668 BTC

Estimated value$42,600,225BTC price retrieved: July 28, 2026 at 19:56 UTC

Holdings as ofMay 31, 2026

Average purchase price$84,026

Ownership and Restrictions

Component figures are shown only when separately disclosed. “Not separately disclosed” does not imply zero.

Total BTC reported668

Unencumbered / unrestricted668

Pledged as collateral0

Loaned to third parties0

Subsidiary-ownedNot separately disclosed

Other restricted / receivable0

Latest Financial Results

Reporting period: Monthly fact pack as of May 31, 2026

RevenuePending

Operating income/lossPending

Net income/lossPending

Cash$4,110,000

Management

Chief executive officer: Henry K. Elder
Chief financial officer: None
Executive chair: None

Research Notes

Satsuma Technology reported 668.48 BTC as of May 31, 2026, with a market value of £36.64 million and an average acquisition cost of £84,026 per BTC. The company reported no Bitcoin acquisitions or disposals during May. Its stated strategy is to acquire and hold Bitcoin over the long term as its primary treasury reserve asset. The May fact pack reported total NAV of £40.75 million, consisting principally of the Bitcoin treasury plus cash and cash equivalents, and stated that the company had no debt or other material liabilities. Satsuma is redirecting operating activity toward the Bitcoin ecosystem, initially through a Lightning Network pilot program. No pledged, borrowed, loaned, customer-owned, or restricted Bitcoin was identified, so the entire 668.48 BTC balance is treated as unencumbered. Update 55: On July 20, 2026, Satsuma Technology announced that shareholders passed special resolutions for the proposed return of capital and cancellation of the company's listing. The board approved immediate action to prepare to close trading activities and sell the company's Bitcoin. BTC amount remains shown as the last verified holding, but Satsuma is moved out of the Included count pending confirmation of any completed sale or final liquidation/distribution.