Bearish
Pantera Demands Satsuma Liquidate Bitcoin Holdings Amid DAT Collapse and 99% Share Crash
23.04.2026 15:00
Pantera Capital, a major cryptocurrency investment firm, is reportedly pressuring Satsuma, a Bitcoin mining company, to sell its Bitcoin (BTC) holdings following the collapse of Digital Asset Technology (DAT). The demand comes as Satsuma's shares have plummeted by 99%, signaling severe financial distress. Pantera's move aims to recover value and mitigate further losses, highlighting the cascading effects of the DAT failure on related crypto assets and mining operations. The situation underscores the volatility and interconnected risks in the digital asset sector, with BTC price stability potentially impacted by large-scale liquidations.
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