Matthew sigel: Satsuma Technology exits Bitcoin and crypto holdings following shareholder vote

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23.07.2026

Matthew sigel: Satsuma Technology exits Bitcoin and crypto holdings following shareholder vote — Satsuma votes to exit crypto holdings

matthew sigel reports that Satsuma Technology (SATS LN) has decided to fully liquidate its Bitcoin and crypto positions. Shareholders voted on July 21, 2026, with over 90% approval, to sell all 668 BTC, distributing approximately $43.5 million to investors and proceeding with delisting.

This move highlights a complete withdrawal from crypto accumulation strategies by the company.

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Earlier, Matthew Sigel explained that Strategy's recent $135 million BTC sale does not count toward its $1.25 billion Monetization Program cap. In a separate note, he highlighted Canaccord's analysis that Strategy's BTC acquisition model works best when moving forward with leverage, according to the firm's research. These previous developments contrast with Satsuma's decision to fully exit the sector.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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