UK company Satsuma Technology sells entire 669 BTC reserve to return capital to shareholders

Satsuma Technology has received High Court of Justice approval to proceed with a capital return of approximately £30.7 million to shareholders. The company sold its entire holding of 669.4867 BTC between July 24 and July 31 at an average price of £47,667 per coin to fund the distribution. The process involves the cancellation of B shares, which were issued to investors to facilitate the cash return as the company moves toward delisting.