💥 $BTC TREASURY FAILURE – SATSUMA LIQUIDATING ALL 668 BTC AFTER 99% STOCK CRASH 🔴
🔴 The UK's once-hyped Bitcoin treasury company Satsuma is throwing in the towel. Shareholders approved the sale of every single BTC from their reserves and initiated delisting from the market. The full exit is scheduled by September 2026, but the real story is what this reveals about corporate Bitcoin conviction.
📉 This reserve strategy barely lasted a year. They raised $218M via convertible notes and then sold BTC to pay off noteholders who didn't convert. Stock price has collapsed 99% from the peak. 💡 When the smart money behind those notes cashed out early, the whole house of cards folded.
📊 What does this tell us about crypto treasury plays? One failed experiment doesn't break the thesis, but it does draw a clear line between real conviction and financial engineering. 💬 Would you trust a public company to hold your BTC exposure, or is self-custody the only real path for true believers? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BTC #Bitcoin #Treasury #CorporateCrypto
🛡️ 🔍
🔴 The UK's once-hyped Bitcoin treasury company Satsuma is throwing in the towel. Shareholders approved the sale of every single BTC from their reserves and initiated delisting from the market. The full exit is scheduled by September 2026, but the real story is what this reveals about corporate Bitcoin conviction.
📉 This reserve strategy barely lasted a year. They raised $218M via convertible notes and then sold BTC to pay off noteholders who didn't convert. Stock price has collapsed 99% from the peak. 💡 When the smart money behind those notes cashed out early, the whole house of cards folded.
📊 What does this tell us about crypto treasury plays? One failed experiment doesn't break the thesis, but it does draw a clear line between real conviction and financial engineering. 💬 Would you trust a public company to hold your BTC exposure, or is self-custody the only real path for true believers? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BTC #Bitcoin #Treasury #CorporateCrypto
🛡️ 🔍