Markets Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail UK Bitcoin Company Satsuma Sells 5 Markets Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail UK Bitcoin Company Satsuma Sells 5

UK Bitcoin Company Satsuma Sells 579 of Its 1,199 Bitcoin for $53.2 Million

4 min read
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail

UK Bitcoin Company Satsuma Sells 579 of Its 1,199 Bitcoin for $53.2 Million

The company sells BTC to secure cash for upcoming loan note obligations ahead of its planned uplisting.

By James Van Straten|Edited by Jamie Crawley
Dec 11, 2025, 11:25 a.m.
Satsuma Technology, a U.K.-based bitcoin-focused technology company sold 579 BTC out of its holdings of 1,199 BTC (Ugur Akdemir/Unsplash, modified by CoinDesk)

What to know:

  • Satsuma Technology, a U.K.-based bitcoin-focused technology company sold 579 BTC out of its holdings of 1,199 BTC,
  • The sale generated approximately 40 million pounds ($53.2 million) in net proceeds.
  • Following the sale, the company holds 620 BTC and around 90 million pounds in cash.

Satsuma Technology (SATS), a U.K.-based bitcoin-focused technology company sold 579 BTC out of its holdings of 1,199 BTC, generating approximately 40 million pounds ($53.2 million) in net proceeds, according to an announcement on Thursday.

Following the sale, the company holds 620 BTC and around 90 million pounds in cash.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up

The transaction is intended to ensure sufficient liquidity to meet the 78 million pound-repayment obligation on its convertible loan notes due on Dec. 31 should certain holders choose not to convert their notes into equity during the planned uplisting.

Satsuma continues to progress toward admission to the Equity Shares Category of the Financial Conduct Authority (FCA) Official List and trading on the London Stock Exchange (LSE) Main Market. Completion of the uplisting remains dependent on FCA approval of its prospectus, so timing and certainty are not yet guaranteed ahead of Dec. 30.

Shares moved slightly higher to 1.05 pence after the announcement, while down nearly 30% over the past month.

Satsuma now ranks as the 61st largest publicly traded bitcoin holder following the sale.

Bitcoin NewsLondon Stock Exchange

More For You

Protocol Research: GoPlus Security

Commissioned byGoPlus

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report

More For You

Crypto Markets Today: Traders Seek Catalysts After Bitcoin’s Post-Fed Pullback

The crypto market slipped to the lower end of its range after the Federal Reserve’s 25bps rate cut failed to spark fresh momentum.

What to know:

  • BTC is trading near $90,350 after defending the $88,200 support zone, but momentum remains capped below the key $94,500 resistance level.
  • Implied volatility fell to its lowest since November, ETH/BTC IV spreads widened, and risk reversals stayed negative across tenors while open interest declined—most sharply in ADA.
  • Low-liquidity conditions dragged tokens like ETHFI, FET, ADA and PUMP down more than 8%, while privacy-focused XMR stood out with gains as the broader altcoin season index slumped to 19/100.
Read full story
Latest Crypto News

Crypto Markets Today: Traders Seek Catalysts After Bitcoin’s Post-Fed Pullback

BTC, Nasdaq Futures Drop as Oracle Earnings Revive AI Bubble Fears

Gemini Approved by CFTC to Offer U.S. Prediction Markets, Stock Surges Nearly 14%

Ether, Dogecoin, Solana Slide as Bitcoin Fails to Sustain Early-Week Breakout

Crypto Drop Wipes Out $370M in Bullish Bets as BTC, ETH Give Back Gains

XRP Slides as Traders Take Bitcoin Profits, With ETF Flows Still Strong

Top Stories

U.S. Senate's Crypto Market Structure Bill Gets Messy as Calendar Weighs Down

Why is Bitcoin Trading Lower Today?

Ether, Dogecoin, Solana Slide as Bitcoin Fails to Sustain Early-Week Breakout

Bitcoin Swings Wildly as Fed's Powell Straddles Labor Market and Inflation Issues

Federal Reserve Cuts Rates 25 Basis Points, With Two Members Voting for Steady Policy

Crypto CEOs Join U.S. CFTC's Innovation Council to Steer Market Developments

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

SEC greenlights new generic standards to expedite crypto ETP listings

SEC greenlights new generic standards to expedite crypto ETP listings

The post SEC greenlights new generic standards to expedite crypto ETP listings appeared on BitcoinEthereumNews.com. The U.S. Securities and Exchange Commission (SEC) has approved a new set of generic listing standards for commodity-based trust shares on Nasdaq, Cboe, and the New York Stock Exchange. The move is expected to streamline the approval process for exchange-traded products (ETPs) tied to digital assets, according to Fox Business reporter Eleanor Terret. However, she added that the Generic Listing Standards don’t open up every type of crypto ETP because threshold requirements remain in place, meaning not all products will immediately qualify. To add context, she quoted Tushar Jain of Multicoin Capital, who noted that the standards don’t apply to every type of crypto ETP and that threshold requirements remain. He expects the SEC will iterate further on these standards. The order, issued on Sept. 17, grants accelerated approval of proposed rule changes filed by the exchanges. By adopting the standards, the SEC aims to shorten the time it takes to bring new commodity-based ETPs to market, potentially clearing a path for broader crypto investment products. The regulator has been delaying the decision on several altcoin ETFs, most of which are set to reach their final deadlines in October. The move was rumored to be the SEC’s way of expediting approvals for crypto ETFs. The approval follows years of back-and-forth between the SEC and exchanges over how to handle crypto-based products, with past applications facing lengthy reviews. The new process is expected to reduce delays and provide more clarity for issuers, though the SEC signaled it may revisit and refine the standards as the market evolves. While the decision marks progress, experts emphasized that the so-called “floodgates” for crypto ETPs are not yet fully open. Future SEC actions will determine how broadly these standards can be applied across different digital asset products. Source: https://cryptoslate.com/sec-greenlights-new-generic-standards-to-expedite-crypto-etp-listings/
Share
BitcoinEthereumNews2025/09/18 08:43
Optimizely Named a Leader in the 2026 Gartner® Magic Quadrant™ for Personalization Engines

Optimizely Named a Leader in the 2026 Gartner® Magic Quadrant™ for Personalization Engines

Company recognized as a Leader for the second consecutive year NEW YORK, Feb. 5, 2026 /PRNewswire/ — Optimizely, the leading digital experience platform (DXP) provider
Share
AI Journal2026/02/06 00:47
Lovable AI’s Astonishing Rise: Anton Osika Reveals Startup Secrets at Bitcoin World Disrupt 2025

Lovable AI’s Astonishing Rise: Anton Osika Reveals Startup Secrets at Bitcoin World Disrupt 2025

BitcoinWorld Lovable AI’s Astonishing Rise: Anton Osika Reveals Startup Secrets at Bitcoin World Disrupt 2025 Are you ready to witness a phenomenon? The world of technology is abuzz with the incredible rise of Lovable AI, a startup that’s not just breaking records but rewriting the rulebook for rapid growth. Imagine creating powerful apps and websites just by speaking to an AI – that’s the magic Lovable brings to the masses. This groundbreaking approach has propelled the company into the spotlight, making it one of the fastest-growing software firms in history. And now, the visionary behind this sensation, co-founder and CEO Anton Osika, is set to share his invaluable insights on the Disrupt Stage at the highly anticipated Bitcoin World Disrupt 2025. If you’re a founder, investor, or tech enthusiast eager to understand the future of innovation, this is an event you cannot afford to miss. Lovable AI’s Meteoric Ascent: Redefining Software Creation In an era where digital transformation is paramount, Lovable AI has emerged as a true game-changer. Its core premise is deceptively simple yet profoundly impactful: democratize software creation. By enabling anyone to build applications and websites through intuitive AI conversations, Lovable is empowering the vast majority of individuals who lack coding skills to transform their ideas into tangible digital products. This mission has resonated globally, leading to unprecedented momentum. The numbers speak for themselves: Achieved an astonishing $100 million Annual Recurring Revenue (ARR) in less than a year. Successfully raised a $200 million Series A funding round, valuing the company at $1.8 billion, led by industry giant Accel. Is currently fielding unsolicited investor offers, pushing its valuation towards an incredible $4 billion. As industry reports suggest, investors are unequivocally “loving Lovable,” and it’s clear why. This isn’t just about impressive financial metrics; it’s about a company that has tapped into a fundamental need, offering a solution that is both innovative and accessible. The rapid scaling of Lovable AI provides a compelling case study for any entrepreneur aiming for similar exponential growth. The Visionary Behind the Hype: Anton Osika’s Journey to Innovation Every groundbreaking company has a driving force, and for Lovable, that force is co-founder and CEO Anton Osika. His journey is as fascinating as his company’s success. A physicist by training, Osika previously contributed to the cutting-edge research at CERN, the European Organization for Nuclear Research. This deep technical background, combined with his entrepreneurial spirit, has been instrumental in Lovable’s rapid ascent. Before Lovable, he honed his skills as a co-founder of Depict.ai and a Founding Engineer at Sana. Based in Stockholm, Osika has masterfully steered Lovable from a nascent idea to a global phenomenon in record time. His leadership embodies a unique blend of profound technical understanding and a keen, consumer-first vision. At Bitcoin World Disrupt 2025, attendees will have the rare opportunity to hear directly from Osika about what it truly takes to build a brand that not only scales at an incredible pace in a fiercely competitive market but also adeptly manages the intense cultural conversations that inevitably accompany such swift and significant success. His insights will be crucial for anyone looking to understand the dynamics of high-growth tech leadership. Unpacking Consumer Tech Innovation at Bitcoin World Disrupt 2025 The 20th anniversary of Bitcoin World is set to be marked by a truly special event: Bitcoin World Disrupt 2025. From October 27–29, Moscone West in San Francisco will transform into the epicenter of innovation, gathering over 10,000 founders, investors, and tech leaders. It’s the ideal platform to explore the future of consumer tech innovation, and Anton Osika’s presence on the Disrupt Stage is a highlight. His session will delve into how Lovable is not just participating in but actively shaping the next wave of consumer-facing technologies. Why is this session particularly relevant for those interested in the future of consumer experiences? Osika’s discussion will go beyond the superficial, offering a deep dive into the strategies that have allowed Lovable to carve out a unique category in a market long thought to be saturated. Attendees will gain a front-row seat to understanding how to identify unmet consumer needs, leverage advanced AI to meet those needs, and build a product that captivates users globally. The event itself promises a rich tapestry of ideas and networking opportunities: For Founders: Sharpen your pitch and connect with potential investors. For Investors: Discover the next breakout startup poised for massive growth. For Innovators: Claim your spot at the forefront of technological advancements. The insights shared regarding consumer tech innovation at this event will be invaluable for anyone looking to navigate the complexities and capitalize on the opportunities within this dynamic sector. Mastering Startup Growth Strategies: A Blueprint for the Future Lovable’s journey isn’t just another startup success story; it’s a meticulously crafted blueprint for effective startup growth strategies in the modern era. Anton Osika’s experience offers a rare glimpse into the practicalities of scaling a business at breakneck speed while maintaining product integrity and managing external pressures. For entrepreneurs and aspiring tech leaders, his talk will serve as a masterclass in several critical areas: Strategy Focus Key Takeaways from Lovable’s Journey Rapid Scaling How to build infrastructure and teams that support exponential user and revenue growth without compromising quality. Product-Market Fit Identifying a significant, underserved market (the 99% who can’t code) and developing a truly innovative solution (AI-powered app creation). Investor Relations Balancing intense investor interest and pressure with a steadfast focus on product development and long-term vision. Category Creation Carving out an entirely new niche by democratizing complex technologies, rather than competing in existing crowded markets. Understanding these startup growth strategies is essential for anyone aiming to build a resilient and impactful consumer experience. Osika’s session will provide actionable insights into how to replicate elements of Lovable’s success, offering guidance on navigating challenges from product development to market penetration and investor management. Conclusion: Seize the Future of Tech The story of Lovable, under the astute leadership of Anton Osika, is a testament to the power of innovative ideas meeting flawless execution. Their remarkable journey from concept to a multi-billion-dollar valuation in record time is a compelling narrative for anyone interested in the future of technology. By democratizing software creation through Lovable AI, they are not just building a company; they are fostering a new generation of creators. His appearance at Bitcoin World Disrupt 2025 is an unmissable opportunity to gain direct insights from a leader who is truly shaping the landscape of consumer tech innovation. Don’t miss this chance to learn about cutting-edge startup growth strategies and secure your front-row seat to the future. Register now and save up to $668 before Regular Bird rates end on September 26. To learn more about the latest AI market trends, explore our article on key developments shaping AI features. This post Lovable AI’s Astonishing Rise: Anton Osika Reveals Startup Secrets at Bitcoin World Disrupt 2025 first appeared on BitcoinWorld.
Share
Coinstats2025/09/17 23:40