UK Bitcoin Firm Satsuma Sells 579 BTC for $53.2M, Retains Significant Holdings

British Bitcoin company Satsuma has executed a major sale of its cryptocurrency assets, divesting 579 BTC for a total of $53.2 million. The company, which originally held 1,199 Bitcoin, retains a substantial treasury of 620 BTC following this strategic transaction. This move highlights a significant corporate Bitcoin liquidation event, showcasing how crypto-native firms manage treasury assets. The sale was conducted to secure profits and bolster the company's financial position, indicating active portfolio management amidst market conditions. Satsuma's decision to retain over half of its initial Bitcoin reserve demonstrates a continued long-term belief in the asset's value.